Hwy 52 and Eastern Bypass, Richmond, KY 40475

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Hwy 52 and Eastern Bypass is located in Richmond, KY.

This property is located on one of the hottest corners in Richmond. It currently houses a 5100 sf two tenant facility. Cellular Sales of Knoxville dba Verizon Wireless has over 9 years left on the original NNN lease with a 10% increase after he first 5 years and Post Net has just under 5 years left on initial lease. Building opened summer of 2011.
Cellular Sales of Knoxville is the largest exclusive dealer in the U.S. with almost 500 stores and projected to open an additional 100 plus in 2012. Post Net is a National Design, Print and Ship Franchise.
Property sold at a 8.50% Capitalization Rate...