400 Fairdale Rd, Fairdale, KY 40118

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Building Details:

• Year Built: 1979

400 Fairdale Rd is located in Fairdale, KY.

The property has existing Dairy Queen as tenant, they have a 5 year renewal taking the lease term to 2016. Constructed in 1979, the building has been renovated since to reflect the new DQ Grille & Chill. Corner property, excellent visibility and this restaurant serves the trade area. Population within a 3 mile radius is 24,570 per the CCIM Site to Do Business. This is a solid investment opportunity. Current NOI is $54,000 per year, asking CAP rate - 8%, NOI goes to $60,000 with October 2011 5 year renewal, asking CAP rate goes to 8.89%.