2415 Nashville RdBowling Green, KY 42101

Property Details for 2415 Nashville Rd

Year built

2004

Construction

FRAME

Lot size

0.91 AC

Property size (Sq ft)

2,150 SF

Property type

Banks

APN

041B-02-005

APU

041B02005

Description

This exceptional investment opportunity presents a newly constructed (2024) Chipotle restaurant in Bowling Green, KY, boasting a 15-year net lease with a corporate guarantee from Chipotle Mexican Grill, Inc. The 2,325 square foot building features a modern design, including a Chipotlane drive-thru and outdoor patio. Located at 2415 Nashville Rd, this property benefits from high traffic counts (over 40,000 vehicles per day) at a busy intersection, providing excellent visibility and accessibility. Its prime location is directly across from a Kroger, Starbucks, and McDonald's, ensuring high foot traffic and strong consumer demand. The lease includes four, five-year renewal options with a 10% rent increase every five years. The property's strong tenant, long-term lease, and limited landlord responsibilities (tenant pays all taxes, insurance, and utilities, landlord responsible for roof and structure only) make this a compelling investment with a 5.50% cap rate and a net operating income (NOI) of $189,875. Bowling Green's growing economy, fueled by automotive manufacturing and healthcare, further enhances the property's long-term value. The asking price is $3,452,272. Parcel number is 041-B-02-005.

• CAP approach

  CAP return

  Valuation

  6%

  $413,366

  6.5%

  $381,568

  7%

  $354,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $192,475

  Geo Method

  $192,475

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $731,197

  Mixed-Use / Specialty

  $385,420

  Hospitality / Lodging

  $289,556

  Office

  $388,559

  Institutional / Educational

  $402,544

  Residential Income

  $470,977

  Multifamily

  $535,969

  Automotive / Energy

  $345,038

  Parking / Income-Based Land

  $113,919

  Restaurant / Food Service

  $211,584

  Healthcare / Senior Housing

  $389,896

Location Insight

City

Bowling Green

County

Warren

State

Kentucky

Latitude

36.9613

Longitude

-86.4693

CBSA code

14540

CBSA name

BOWLING GREEN, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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