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Huddle House - Corbin, KY

Built in 2005 as a Huddle House. The site has gone through a metamorphosis of sorts since its inception. The original operator was bought out by the current one who put his heart and soul into revitalizing the site, seeing the potential the location has to offer. Since his acquisition in 2011, he has turned the location around and as such has recently agreed to execute a new 10-year true NNN lease (offering a personal guarantee). Mr. Ison, the operator of five units, has a vested interest in the success of this location since his personal success rests on the restaurant's success.

 

Located just 87 miles north of Knoxville, TN, along the border between the two states, the site is directly off US I-75 which adjoins Knoxville, TN to Louisville, KY. and serves as a perfect respite for truckers and other logistic freight haulers with a truck stop and sales center located directly adjacent to the site. 

 

The location is a destination of sorts in that it is surrounded by all things both industrial and retail: In the immediate area are these national retailers: WalMart, Lowe's, Subway, McDonald's, DQ Grill, Hardee's, KFC, and Taco Bell. In addition to these chain tenants are the following: Blue Beacon Truck Wash, D and M Truck & Equipment Sales, Edward Hall Truck and Excavating, OL Smith Trucking, RV Park and Sales, and Budget Truck Rentals. Napa Auto Parts, and Campbell Motors is also in the immediate area.

 

With more and more industries moving to the south, and Corbin's economic development incentive programs for new and established businesses, Corbin has experienced a 6.89 percent population growth since 2000.

Additional Info

  • Address: : 325 West Cumberland Gap, Corbin, KY 40701
  • Price: : $1,067,422
  • Net Rentable Area: : 2,166
  • Lot Size (Acres): : 2.14
  • CAP Rate: : 8.60%
  • Price Per Sqft: : $513.85
  • NOI: : $91,800
  • Year Built: : 2005
  • Status: : Available