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1761 Sharkey Way
Lexington, KY 40511

$2,750,000 USD

Restaurant For Sale  •  3,916 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 3,916 SF
  • Lot Size 1.33 AC
  • Building Class B
  • Year Built 2004
  • Tenancy Single
  • Zoning B-1
30 Transit Score
50 Walk Score

Highlights

Absolute Net Lease Structure – Tenant is responsible for taxes, insurance, CAM, roof, and structure, providing truly passive ownership
Established National Restaurant Tenant – Long-standing Applebee’s location operated by RMH under Sun Holdings
Recently Extended Lease Demonstrates Tenant Commitment – Applebee’s recently extended its lease at the property
Significant Tenant-Funded Renovations – Tenant is investing approximately $100,000 into renovations and improvements at the property
Strong Surrounding Demographics – More than 170,760 people reside within five miles of the property
Excellent Access and Visibility – The property benefits from immediate access to New Circle Road (KY-4), which carries approximately 76,000 vehicles

Amenities

  • Bus Line

Public Transportation

AirportDriveWalkDistance
Blue Grass 14 min - 7.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 45
Type: Surface
Included in Rent: Yes
Deno Bistolarides 248-702-0288 Encore Real Estate Investment Services
Deno Bistolarides 248-702-0288 Encore Real Estate Investment Services