201 Kings Way, London, KY 40741

$1,150,000
List Price
$1,150,000
MLS#
1912756
Status
ACTIVE
Type
Commercial
Subtype
Restaurant
Lot Size
21,780

Property Description

Great investment opportunity without all the hassle of the day to day issues. This property has a triple net lease for $7,000/mo. through 10/31/20 (7.3 cap) and $5,000 mo from 11/01/20 -6/30/22 (5.2 cap). Lessee pays all taxes, maintenance and insurance. Building and lot for sale. Very established restaurant. This is a free standing retail building with a private parking lot, located among several restaurants, stores and Walmart. Property has excellent exposure on major highway and just off of I-75.

Additional Information

Year Built
2002

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of & You, Realtors.