7848 Mall Rd Florence, KY 41042-1408
Property profile & analytics
7848 Mall Rd Florence, KY 41042-1408
- Sports & entertainment properties
Property ID
US34-0262945
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
- The Wing Experience / Restaurant
- Smokey Bones Florence / Restaurant
- The Burger Experience / Restaurant
Property Details for 7848 Mall Rd
- Property type
- Sports & entertainment properties
- APN
- 062.77-25-001.01
- APU
- 62772500101
Description
This exceptional investment opportunity presents a 7,200 square foot freestanding Smokey Bones restaurant located at 7848 Mall Rd, Florence, KY 41042. The property boasts a desirable location in Boone County, Kentucky, and benefits from an absolute NNN lease structure with a corporate tenant, ensuring minimal landlord responsibilities. The current lease expires on December 31, 2025, with two, five-year renewal options, providing long-term income stability. Built in 2005, this single-story, 7,200 square foot building sits on a commercially zoned lot. The property offers a compelling 6.50% cap rate and a strong net operating income (NOI) of $124,117, with an asking price of $1,909,492 ($265.21 per square foot). The remaining lease term is approximately 1.1 years. This is an ideal investment for those seeking a stable, high-return retail property with a well-established tenant in a prime location. The property's strong demographics and the absolute NNN lease structure contribute to its attractive investment profile. This single-tenant, single-building property presents a low-management, high-reward opportunity.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Boone
- State
- Kentucky
- Longitude
- -84.6511
- Latitude
- 38.9923
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN 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
$18,935
$150,000
$1,850,000
$2,000,000
-
$150,000
$1,850,000
$2,000,000
