3000 Fort Campbell BlvdHopkinsville, KY 42240
- Retail properties
- 2,050 SF
Property Details for 3000 Fort Campbell Blvd
- Lot size
- 0.52 AC
- Property size (Sq ft)
- 2,050 SF
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 227-00 02 014.00
- APU
- 227000201400
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,050-square-foot KFC restaurant situated on a 0.52-acre lot at 3000 Fort Campbell Blvd, Hopkinsville, KY 42240. Built in 2017, the property boasts a strong 6.00% cap rate, generating a substantial net operating income (NOI) of $142,597 annually. The property is currently vacant but comes with a 20-year triple-net (NNN) lease, ensuring minimal landlord responsibilities. The lease features a franchisee tenant, providing added security and stability. The annual rent is $142,597, with built-in 2% annual increases, further enhancing the investment's long-term value. The lease includes four five-year renewal options, providing significant long-term income potential. The asking price is $2,376,611, translating to a price per square foot of $1,159.32. This represents a compelling opportunity for investors seeking a secure, high-yield, long-term net lease investment in a well-established quick-service restaurant (QSR) brand. The property's location in Hopkinsville, Kentucky, offers excellent visibility and accessibility. This is a turnkey investment ready for immediate income generation upon lease commencement.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $520,588
- 6.5%
- $480,543
- 7%
- $446,219
-
Comparable approach
- Method
- Valuation
- Relative Method
- $444,689
- Geo Method
- $444,689
-
Alternative Use
- Use
- Valuation
- Residential
- $405,356
- Hospitality
- $371,304
- Educational
- $308,921
- Medical
- $319,545
- Retail
- $480,543
Location Insight
- City
- Hopkinsville
- County
- Christian
- State
- Kentucky
- Latitude
- 36.8377
- Longitude
- -87.4777
- CBSA code
- 17300
- CBSA name
- CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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