Huddle House | Triple Net (NNN) Investment Opportunity
$1,238,710
325 West Cumberland Gap Parkway, Corbin, KY 40701
For Sale
Retail
Restaurant
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
Documents:
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Offering Memorandum |
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