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Burger King - Lexington, KY

This newly constructed 20 Year NNN ground lease Burger King offers a passive investor a rare opportunity to enter into a growing Lexington retail market in a highly sought after region due to its proximity to the University of Kentucky (The Wildcats).

 

The site sits as an out pad to a Home Depot anchored center which is also home to a newly constructed Walgreens (a replacement store to an older unit down the street). Additionally, at the signalized intersection is a CVS located across from the Walgreens. Behind the Home Depot is a Big Lots!. Adjacent to the Home Depot center is a pad that is earmarked to begin demolition to construct a new office complex.

 

Other national retailers in the immediate area are: Kroger (two separate stores), Dollar General, Longhorn Steakhouse, Wendy's, BP, Midas, and O'Reilly's. Auto Parts nestled among several local and regional retailers. Just to the south of the site is an approximately. 11.5 acre office building complex (Beaumont Office Centre), and Lexington Catholic High School. Five blocks to the east of the site is St Joseph's Hospital, but the real draw to the region is the presence and spirit of the University of Kentucky with over 29,000 under graduate student, and the Red Mile Quarter Horse Race Track, both within one-mile from the site and drawing thousands of tourists, visitors and students to the region.

Additional Info

  • Address: : 730 Lane Allen Rd.,Lexington, KY 40504
  • Price: : $1,460,870
  • Net Rentable Area: : 3,250
  • Lot Size (Acres): : 1.009
  • CAP Rate: : 5.75%
  • NOI: : $84,000
  • Year Built: : 2015
  • Status: : Available