Salon/Spa Unit / Cash Flow
Retail-Commercial
for Sale
| Catylist Listing ID: |
30852539 |
| Property Subtypes: |
Mixed Use, Retail-Pad
|
| Building Size (RSF): |
771 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$150,000 - 160,000 |
| Unit Price: |
$194.55 - 207.52 PSF |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/20/2023 |
Overview / Comments
|
Nestled in the vibrant heart of Lexington, KY, and conveniently near the University of Kentucky, this meticulously renovated property stands as an exceptional investment prospect. With a reliable tenant's consistent punctuality over 3 years and a fresh 3-year lease extension, alongside upcoming rental adjustments, this property guarantees stability. The strategically upgraded interior, tailored for a salon and spa setup, coupled with its prime location in a rapidly expanding area, makes for an appealing opportunity foray into commercial property ownership.
|
Current Tenants
| Tenant Business Name |
Brows Bar and Skin Care |
| Contact Name |
Jenny / Owner of Building only do not mention to business owner |
| Is Renting? |
Yes |
| Annual Revenue |
$16,620 (Annual) |
| Current Rent |
$1,385 PSF (Annual) |
| Escalations |
2 years up to 1600-2000 |
Additional Details
| Nearest MSA: |
Lexington-Fayette |
| County: |
Fayette |
| Tax ID/APN: |
99000600|3 |
| Zoning: |
COMMERICAL |
| Retail Clientele: |
Business |
| Property Located Between: |
UK and the MALL |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Nicholasville Road |
| Traffic/Vehicle Count: |
40,000 |
| Highway Access: |
CLOSE |
| Airports: |
CLOSE Bluegrass |
| Site Description: |
Large building full of Tenants that use the services, pool access and two doors, remodeled and NEW HVACS tenant pays all maintenance |
| Area Description: |
By UK Hospital and UK close to the Mall as well |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Year Renovated: |
2021 |
| Construction/Siding: |
Brick |
| Parking Ratio: |
16 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
plenty of parking around the building |
| Sprinklers: |
Wet |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,255 |
150,332 |
246,339 |
| Median Age: |
37.1 |
34.98 |
35.62 |
| Households: |
6,037 |
65,505 |
104,752 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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