241 Eastern BypassRichmond, KY 40475
Eastern Bypass · Madison County
Description
HIGH TRAFFIC UNIVERSITY CITY-PRIME COMMERCIAL/ RESTAURANT - NNN LEASE - 6.86% CAP Impeccably and very recently renovated restaurant. The property is leased on a triple net basis to Parlour Pizza, a growing regional restaurant operator with multiple locations in Kentucky and Indiana. High visibility directly off I-75 (appx 65,000 VPD) on the Eastern Bypass (major commercial corridor, appx 30,000 VPD) Surrounded by national retailers, hotels and student housing, this property benefits from strong local and visitor traffic, making it a prime location. NOI first 5 years is $158,000, 5 5-year options, 10% rent increase with each 5 year option.
Property Information
- Property type
- Commercial Sale
- Sub-type
- Business
- Year built
- 2010
- Stories
- 1
- Living area
- 5,667 Sq Ft
- Lot size
- 1.14 acres
- Parking spaces
- 55
- Zoning
- Other
- Days on market
- 101
- MLS® Listing#
- 26015525
Property Features
- Cooling
- Electric
- Heating
- Electric
- Parking
- On Site · Paved
- Construction
- Brick · Wood Siding
- Utilities
- Electricity Connected · Sewer Connected · Water Connected
- Sewer
- Public Sewer
- Parcel number
- R002-0007-0010-A
Directions
I-75 to KY-876 E/Barnes Mill Rd/Eastern Bypass in Richmond. Take exit 87 east toward EKU, property is on the left shortly after crossing over the interstate.
Listing Courtesy: Rector Hayden Realtors - 8592764811
Last Updated: 2026-06-30
