Fazoli’s | Absolute Triple Net (NNN) Lease

507 Rushing Way, Murray, KY

   SOLD!   

$1,155,556

Price

6.75%

Cap Rate

$78,000

NOI

Overview
Cap Rate
6.75%
NOI
$78,000
Building Size
2,800 sqft
Lot Area
0.94 acres
Lease Type
Absolute Net
Year Built
2013
Price Per Sqft
$412.70
Roof & Structure
Tenant’s Responsibility
HVAC
Tenant’s Responsibility
Repairs & Maintenance
Tenant’s Responsibility
Description

Sands Investment Group is Pleased to Present Exclusively For Sale the Fazoli’s Located at 507 Rushing Way in Murray, Kentucky. This Opportunity Includes a 15 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Great Investment.

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

Highlights
  • 15 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities to Begin at the Close of Escrow
  • 1.25% Annual Rent Increases With Four (4) x Five (5) Year Options to Renew
  • Tenant is a Multi-Store Operator With Over 10 Years of Experience in the Quick Service Restaurant Business
  • Population of Over 31,417 Residents With an Average Household Income of $50,110 Located Within a 5-Mile Radius
  • In Close Proximity to Murray State University, Roy Stewart Stadium, Central Park and Murray County Parks & Recreation
  • Surrounded By Residential Housing Such as Greenspace Apartments, Live Oak Apartments, Regents Residence and Station 74 Apartments
  • Nearby Tenants Include: Office Depot, Zaxby’s, JCPenney, Kroger, BB&T, Lowe’s, Dollar Tree, Hardee’s, Arby’s, Taco Bell, McDonald’s, Subway, Walgreens and More
Documents

Location
Gallery