Chick-Fil-A

95 Carothers Rd, Newport, KY
Deal Type:
Net Lease
Price:
$2,598,750
Cap Rate:
4.00%
Current Rent:
$103,950
Lease Type:
Ground Lease
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
5, 5-year options
Building Sq. Ft.:
4,596 SF
Rent Increases:
10% in September 2028
Site Size:
1.43 Acres

Investment Highlights

  • Situated on a signalized hard corner with over 35,000 VPD on Carothers Road and Pavilion Parkway.
  • Absolute NNN Ground Lease structure offers investors a truly passive investment with ZERO landlord responsibilities.
  • Over 106,000 residents with average household income of $75,902 within a 3-mile radius.
  • Excellent visibility and convenient accessibility from the heavily traveled I-479 with 97,663 VPD.
  • Oversized 1.43 acre parcel in an extremely dense retail corridor located in a Power Center (454,567 SF) anchored by Target and Kroger.
  • Strong operating history. Since 2013, CFA completely renovated the interior of this location indicative of their commitment to this market.

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Sasha Dominguez

Vice President
786 443 4960
[email protected]

In Association with Scott Reid & ParaSell, Inc. | A Licensed Kentucky Broker #260997

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