583 W Highway 92 Highway,Williamsburg, KY 40769
Williamsburg, KY 40769
Description
NNN Investment Opportunity - Strong Returns & Established Operator This exceptional triple net (NNN) investment offers reliable, passive income with $8,000 per month in rental income secured through September 30, 2028. The current tenant has expressed a desire to renew the lease upon expiration, providing investors with the potential for continued long-term occupancy. Featuring an attractive 8.7% cap rate, this property is an outstanding opportunity for investors seeking dependable cash flow with minimal management responsibilities. The tenant owns the franchise and is an experienced operator who has successfully operated this location since 2003. In addition, the tenant owns 12 other Huddle House restaurants throughout Southeast Kentucky, demonstrating financial strength, operational expertise, and a long-term commitment to the market. Strategically located in a thriving university community, the property benefits from excellent visibility and consistent traffic. Nearby demand drivers include Walmart, Kentucky Splash Water Park, a popular gaming destination, and convenient access to Interstate 75, all of which contribute to the property's strong and consistent performance. With a true NNN lease, the tenant is responsible for property taxes, insurance, and maintenance, allowing ownership to enjoy a truly passive investment with minimal landlord responsibilities. Don't miss this opportunity to acquire a high-performing, low-maintenance investment property backed by an established operator with a proven history of success and the potential for continued long-term tenancy.
Details
| MLS # | 26019346 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 2003 |
| Days On Site | 44 |
| Listing Provided By | Kentucky Wide Realty | Brenda Lawson |
Features
| SQ Feet | 1,834 |
|---|---|
| Zoning | C |
| Acreage | 0.50 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Other |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site, Open, Paved |
Area Information
| State | KY |
|---|---|
| County | Whitley |
| City | Williamsburg |
| Zip Code | 40769 |
| Area | 068 Whitley County |
| Subarea | Whitley County |
| Listing VS Median (in 40769) | |
Price: $1,100,000 low | high Med: $222,450 sqft: 1,834 low | high Med: 1,655 $ / sqft: $600 low | high Med: $135 On site: 44 low | high Med: 52.5 | |
Market Activity 40769
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Learn More About This Property
| State | KY |
|---|---|
| County | Whitley |
| City | Williamsburg |
| Zip Code | 40769 |
| Area | 068 Whitley County |
| Subarea | Whitley County |
| Listing VS Median (in 40769) | |
Price: $1,100,000 low | high Med: $222,450 sqft: 1,834 low | high Med: 1,655 $ / sqft: $600 low | high Med: $135 On site: 44 low | high Med: 52.5 | |