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1475 N Main St

2,919 SF Retail Building Beaver Dam, KY 42320 £668,151 (£229/SF) 6.25% Net Initial Yield

Investment Highlights

  • Absolute Net Ground Lease | Zero Landlord Responsibilities
  • Lease Guaranteed by a Six Unit Franchisee | Afiliate Of Daland Corporation Operating 94 Pizza Hut Units in 11 States
  • 9+ Years Remaining On Original 15-Year Lease
  • 5% Rent Increases Every 5 Years - Attractive Low Occupancy Cost
  • Tenant Restriped/Resealed The Parking Lot in 2024
  • Renovated in 2018 to “Pizza Hut Classic” Location, a Rebranded Store Concept that Focuses on Retro Inspired Branding

Executive Summary

Absolute Net Lease | 9-Years Remaining | Historical Occupancy | Top Performing Pizza Hut Location

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,919 SF
Building Class
C
Year Built/Renovated
1977/2018
Price
£668,151
Price Per SF
£229
Net Initial Yield
6.25%
NOI
£41,759
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
0.54 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B-1
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
132 ft on N Main St

Links

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1475 N Main St, Beaver Dam, KY - aerial map view - Image1
1475 N Main St, Beaver Dam, KY - aerial map view - Image2

Nearby Major Retailers

IGA
Peoples Bancorp, Inc.

PROPERTY TAXES

Parcel Number 103-22BA-2 Improvements Assessment £0
Land Assessment £0 Total Assessment £636,335

PROPERTY TAXES

Parcel Number
103-22BA-2
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£636,335
(248) 702-0288

Contacts

  • Listing ID: 34244271

  • Date on Market: 19/12/2024

  • Last Updated:

  • Address: 1475 N Main St, Beaver Dam, KY 42320

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© 2024 CoStar Group

1475 N Main St
(248) 702-0288 x

1475 N Main St

1/3

Deno Bistolarides

(248) 702-0288

(248) 702-0288

Nick Yaldo

(248) 924-5644

(248) 924-5644

Brent Hanna

(248) 702-0293

(248) 702-0293

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