376 Big Hill Ave Richmond, KY 40475
Property profile & analytics
376 Big Hill Ave Richmond, KY 40475
- Retail space
- 38 SF
Property ID
US34-1683396
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Miller's Automotive on Big Hill / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 376 Big Hill Ave
- Property size
- 38 SF
- Property type
- Retail space
- APN
- R011-0001-0005
- APU
- R01100010005
Description
This exceptional investment opportunity presents a 7,405 square foot auto shop in Richmond, KY, situated on a 0.61-acre lot at 376 Big Hill Ave. The property is currently 100% occupied under a 20-year absolute triple-net (NNN) lease with a strong corporate guarantor, Main Street Auto, a rapidly expanding automotive repair chain. The lease commenced upon closing and features annual rent of $205,000, with built-in 2% annual rent increases. This provides a compelling 7.00% cap rate and a significant return on investment. The lease includes four, five-year renewal options, extending the potential lease term to a total of 40 years, offering long-term stability and predictable income. The asking price is $2,928,571, translating to $395.49 per square foot. This NNN lease structure ensures minimal landlord responsibilities, making this a low-maintenance, high-return investment. The tenant's financial strength and the long-term lease structure make this a secure and attractive investment opportunity in a growing market. The property's location in Richmond, KY, provides excellent access to a substantial customer base. This is a rare opportunity to acquire a high-performing, well-located auto shop with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,415,000
- ML approach
- $3,415,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Madison
- State
- Kentucky
- Longitude
- -84.2845
- Latitude
- 37.7391
- CBSA code
- 40080
- CBSA name
- RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,201
$0.00
$0.00
$330,000
-
$0.00
$0.00
$330,000
