CAP Rate: 5.75%
Net Operating Income: $129,177
Lot Size: 1.30 AC
Year Built: 2016
The Kase Group is pleased to offer the opportunity to acquire the 100% fee simple interest in an absolute NNN Bojangles restaurant. This 3,900 square foot building has a 15-year lease that commenced in September, 2016 The 100% fee simple interest in the underlying land and building is being offered. The tenant has three five-year options to renew with 1.25% increases annually throughout the base term and options.
Mount Sterling (Just 28 Miles from Lexington, KY) often written as Mt. Sterling is a home rule-class city in Montgomery County, Kentucky, in the United States. The population was 6,895 at the 2010 U.S. census. It is the county seat of Montgomery County and the principal city of the Mount Sterling micropolitan area.