2549 Bend RdHebron, KY 41048

Property Details for 2549 Bend Rd

Year built

1999

Construction

TYPE NOT SPECIFIED

Lot size

1.65 AC

Property size (Sq ft)

2,736 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

036.00-00-057.02

APU

36000005702

Description

This exceptional investment opportunity presents a freestanding Burger King restaurant located at 2549 N Bend Rd, Hebron, KY 41048. The property, built in 2000, encompasses 2,796 square feet on a 1.91-acre lot. The property benefits from a triple-net (NNN) lease, absolving the owner of all landlord responsibilities, including taxes, insurance, and maintenance. The current tenant, Burger King, is backed by a corporate guarantee, ensuring consistent income. The lease commenced on August 10, 2004, and currently has a remaining term of approximately 0.1 years, followed by four, five-year renewal options with a 10% rent increase at the beginning of each option period. The current Net Operating Income (NOI) stands at $170,030. This location enjoys exceptional visibility and accessibility, situated along a major commuter corridor (I-275) with high daily traffic volumes exceeding 56,000 and 38,000 vehicles. The property's strategic location offers significant potential for long-term growth and return on investment. The asking price for this lucrative opportunity is $985,000. The property's APN is 036.00-00-057.02 & 036.00-00-057.01. This is a single-tenant property with 100% occupancy. The property is operated by Carrols Restaurant Group, a major US franchisee.

• CAP approach

  CAP return

  Valuation

  6%

  $593,942

  6.5%

  $548,254

  7%

  $509,093

• Comparable approach

  Method

  Valuation

  Relative Method

  $856,255

  Geo Method

  $856,255

• Alternative Use

  Use

  Valuation

  Residential

  $462,473

  Hospitality

  $423,622

  Educational

  $352,449

  Medical

  $364,570

  Retail

  $548,254

Location Insight

City

Hebron

County

Boone

State

Kentucky

Latitude

39.078

Longitude

-84.7074

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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