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Huddle House | Triple Net (NNN) Investment Opportunity

$1,238,710

325 West Cumberland Gap Parkway, Corbin, KY 40701

Pending
Last Updated: 08/17/2021

7.75

Cap Rate

96,000

NOI

Details:
Cap Rate:    7.75%
NOI:    $96,000
Building Size:    2,166 sqft
Lot Area:    0.57 acres
Lease Type:    Triple Net
Year Built:    2005
Price Per Sqft:    $571.89
Roof & Structure:    Tenant’s Responsibility
Repairs, Maintenance, HVAC & Utilities :    Tenant’s Responsibility
Property Taxes, Insurance & Common Area :    Tenant’s Responsibility
Highlights:
  • Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Long Operating History at This Location
  • Committed 6-Unit Franchisee With Over 15 Years of Operating Experience
  • Great Visibility and Access From I-75 With Over 71,000 VPD at I-75/Hwy 25 East (W Cumberland Gap Pkwy)
  • Next to the Walmart Supercenter and Outparcel to the Cumberland Parkway Flea Market, Pilot Travel Center and Super 8 By Wyndham
  • Minutes From the Hampton Inn, Baymont By Wyndham, Fairfield Inn, Knights Inn, Quality Suites and a Love’s Travel Shop - Providing Ample Foot Traffic
  • Demographics Include a Population of 59,028 Residents Making an Average Household Income of $55,152 Within a 10-Mile Radius
  • Just 15 Minutes West is the Laurel River Lake in the Daniel Boone National Forest; It is a Popular Site That Attracts Thousands Annually For Boating, Fishing, Water Skiing and Scuba Diving
  • Corbin is the Home of the First Kentucky Fried Chicken That Opened in 1930; and an Annual Festival Called NIBROC Featuring Open Air Concerts, Carnivals, Beauty Pageant and a Parade
  • Corbin, KY Midway Between Lexington, KY (1.5 Hours) and Knoxville, TN (1.5 Hours) Just Off I-75
  • Nearby Tenants Include: Cracker Barrel, Subway, Dairy Queen, AutoZone, Lowe’s,
Description:

Sands Investment Group is Pleased to Present Exclusively For Sale the 2,166 SF Huddle House Located at 325 West Cumberland Gap Pkwy in Corbin, Kentucky. This Opportunity is a Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For an Excellent Investment.





In Cooperation With: Sands Investment Group Kentucky, LLC
Lic. # 251681 BoR: Kaveh Ebrahimi - KY Lic. # 251680

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