28181 Us-119South Williamson, KY 41503

Property Details for 28181 Us-119

Year built

2023

Property size (Sq ft)

2,975 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, fee-simple Burger King restaurant built in 2023, located at 28181 US-119 in South Williamson, Kentucky (zip code 41503). The property boasts a 2,975 square foot building on over an acre of land, featuring a double drive-thru and excellent visibility along a main retail corridor. The property benefits from a strong location near the Kentucky/West Virginia state line, with convenient access to major retailers including Walmart, McDonald's, Hardee's, Arby's, Tractor Supply, and Bath & Body Works, as well as a Food City supermarket. The property's proximity to Belfry High School (enrollment exceeding 500 students) further enhances its appeal. The 20-year triple-net (NNN) lease commenced January 10, 2024, and includes four 5-year renewal options, each with a 7.5% rent increase. The current lease term is 19.1 years, with a 6.15% cap rate and a net operating income (NOI) of $141,000. The asking price is $2,292,000. This is a 1031 exchange eligible property with zero landlord responsibilities, offering a secure and passive income stream for the foreseeable future. The franchisee tenant provides excellent creditworthiness. Multiple points of ingress/egress from two roads ensure easy access for customers. This is a turnkey investment ideal for those seeking a stable, high-performing asset in a thriving retail location.

Location Insight

City

South Williamson

County

Pike

State

Kentucky

Latitude

37.6556

Longitude

-82.2709

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