Tire Discounters | 8.5-Year Absolute NNN | Frankfort, KY

Description:

Mid-America Real Estate Corporation, in cooperation with Benjamin J. Wineman as Principal Kentucky real estate broker, has been retained on behalf of ownership to sell the 100% fee simple interest in this 5,932-square-foot freestanding Tire Discounters at 1481 Versailles Road in Frankfort, KY. The offering features an 8.5-year absolute NNN lease with zero landlord responsibilities.

Tire Discounters has operated at this location for 16 years and recently signed a five-year extension in 2026, underscoring long-term commitment to the site. The lease provides 8.0% rent escalations beginning 4/1/2030 and every five years thereafter, including throughout the four 5-year option periods.

Tire Discounters is a best-in-class automotive service operator with more than 200 locations across eight states, three distribution centers, and eight complementary brands. Family-owned for 50 years, the company is the #1 independent tire dealer in Kentucky with 36 locations statewide, and this Frankfort store ranks as the #1 tire dealer within 30 miles per foot-traffic data.

The property offers strong real estate fundamentals: a prime corner lot with frontage along Versailles Road (25,212 VPD) just northeast of the I-64 interchange (49,225 VPD). Nearby national retailers include Kohl's, Dick's Sporting Goods, Five Below, and AT&T. As Kentucky's state capital, Frankfort provides a stable public-sector employment base and the state's lowest unemployment rate at 4.1%.

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