Free-Standing Restaurant w/ Drive-Thru | Lowe's Outparcel

Retail-Commercial for Sale
Catylist Listing ID: 30855490
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 4,154 SF
Gross Land Area: 1.85 Acres
Sale Price: $2,200,000
Unit Price: $529.61 PSF
Is Quick-Service Restaurant? Yes
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/8/2024

Overview / Comments

We are pleased to present this opportunity to buy or lease a free standing restaurant in Danville, KY. The building is 4,145sf and sits on approximately 1.85 acres and has a drive-thru. This is a rare opportunity to buy or lease a prominent out parcel in Danville, KY which has high barriers to entry in this specific retail area. Notable tenants in the area include Lowes, Walmart, Kroger, Hobby Lobby, T.J. Maxx, Liquor Barn, Ollie's Bargain Outlet, along with multiple national restaurants/QSR's and others. The property has access to both Hustonville Road and the S Danville Bypass which have a combined traffic count of 38,761 VPD. Owner is a licensed real estate agent.

HIGHLIGHTS
Free Standing Restaurant with Drive Thru
Lowe's Outparcel
Ideal for Fast Food/Fast Casual, QSR, or other Restaurant Use

Additional Details

Nearest MSA: Danville
County: Boyle
Tax ID/APN: 042-000-048
Zoning: HIGHWAY COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Site Description: Lowes Outparcel
Area Description: The quaint town of Danville is located in Central Kentucky and is home to Centre College which was established in 1819 and has a student body of approximately 1,450 students. Previously named a Top 10 Best Small Town in America, Danville has much to offer. A vibrant downtown, local distillery, abundance of nature and outdoor activities, and proximity to Herrington Lake make Danville a desirable place to live and visit. Danville is also within a 1-3 hour drive from Lexington, Louisville, Owensboro, Bowling Green, Nashville, and Knoxville. This property is an out parcel to Lowes and has great frontage along the busy South Danville Bypass. This is the central retail area within Danville with limited outparcels available. The lot is at a signalized intersection with ingress/egress on May Blvd.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,019 13,511 23,370
Median Age: 41.18 37 39.83
Households: 1,343 5,314 9,286
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