Verizon - Somerset, Kentucky

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30138405
Property Subtypes: Restaurant
Status: Pending
Building Size (RSF): 1,853 SF
Gross Building Area: See Agent
Sale Price: $875,433
Unit Price: $472.44 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 6.35%
Last Updated: 10/19/2017

Overview / Comments

Verizon, is operating a new ten (10) year lease term with 2% annual increases. The
NNN lease features landlord responsibilities limited to roof and structure.
The Property is ideally situated on South Highway 27, which is one of the most heavily traveled roadways in South Central Kentucky.

The Property is also located at the entrance to the counties only Walmart Supercenter and Lowes. Somerset, Kentucky is located in Pulaski County and is approximately 68 miles south of Lexington, Kentucky.

Additional Details

Nearest MSA: Somerset
County: Pulaski
Zoning: C1
Property Visibility: Good
Largest Nearby Street: South Hwy 27
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,705 20,492 30,896
Median Age: 39.61 40.57 40.76
Households: 1,497 8,525 12,678


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