Veterans Parkway Leased Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30366995
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad
Building Size (RSF): 5,615 SF
Gross Land Area: 0.96 Acres
Sale Price: $2,475,000
Unit Price: $440.78 PSF
Property Use Type: Investment
Building Name: Storming Crab
Usable Size (USF): 5,615 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 7/10/2019

Overview / Comments

Storming Crab Cajun Restaurant has 10 year lease, 9 remaining

Current Tenants

Tenant Business Name Storming Crab Inc
Is Renting? Yes
Annual Revenue $144,000 (Annual)
SF of Space Occupied 5,615 SF
Current Rent $26 PSF (Annual)
Lease Expiration 7/2028
Escalations yes at year 6-10, $152,640
Options 2 five year

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Taxing Authority: Clark
Tax ID/APN: 10-14-03-300-541.000-011
Zoning: C2
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: I-65
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,615 SF
Property Condition: Excellent
Year Built: 2005
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Brick
Total Parking Spaces: 86
Parking Ratio: 15 (per 1000 SF)
Parking Type: Surface
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Satellite
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,860 65,187 154,983
Median Age: 43.76 38.55 37.99
Households: 3,054 27,049 64,018

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