For Sale
$2,260,000

100 Vincent DrStanford, KY 40484

New 20-year NNN Burger King lease. High-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, 2023-constructed Burger King restaurant located at 100 Vincent Dr, Stanford, KY 40484. The property boasts a fee-simple ownership structure with a 20-year net lease, commencing January 17, 2024, and expiring January 16, 2044. The lease includes four 5-year renewal options, each with a 7.5% rent increase. The tenant, a Burger King franchisee (Ampler Burgers Ohio LLC, operating 84 units and part of a larger group managing 470+ units across various brands), provides strong financial backing and operational expertise. The 3,543 square foot building sits on a 1.37-acre lot and enjoys a prime location at a major signalized intersection in Stanford, KY, with combined daily traffic exceeding 30,000 vehicles. Its proximity to Ephraim McDowell Fort Logan Hospital and numerous other national retailers (Walmart, McDonald's, Taco Bell, Wendy's, Sonic, Arby's, and Dairy Queen) ensures high visibility and consistent customer traffic. The property offers a 6.15% cap rate with a current Net Operating Income (NOI) of $139,000 and an asking price of $2,260,000. This is a 100% occupied, single-tenant, net-leased investment with minimal landlord responsibilities, making it an attractive option for investors seeking a stable, long-term return. The property's strong fundamentals, coupled with the established tenant and favorable lease terms, present a compelling investment opportunity.

Highlights

  • Brand-new, 2023-constructed Burger King restaurant in Stanford, KY.
  • Fee-simple ownership with a 20-year net lease (commencing January 17, 2024) including four 5-year renewal options with 7.5% rent increases.
  • Strong tenant (Ampler Burgers Ohio LLC) operating multiple units and backed by a larger group.
  • 3,543 sq ft building on a 1.37-acre lot at a signalized intersection with over 30,000 VPD.
  • 6.15% cap rate, $139,000 NOI, $2,260,000 asking price.

Property Details for 100 Vincent Dr

Property type
Retail properties, Restaurants
Square Feet
3,543 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
59,677 SF

Location Insight

City
Stanford
County
Lincoln
State
Kentucky
Latitude
37.5387972
Longitude
-84.6524149
100 Vincent Dr, Stanford, Kentucky

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100 Vincent Dr
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