Property Listing No Longer Available for Sale

794 South Fourth Street, Danville, KY

Retail for Sale - $421,292 - 1,760 Sq. Ft. on 0 acres


Property Info

CIMLS#97322
Location
  794 South Fourth Street
  Danville KY 40422
UpdatedNovember 4th, 2009
TypeRetail
Price$421,292
Building1,760 Sq. Ft.
Land0 acres

Property Description

This property is located near Family Dollar, Aldi, Advance Auto, Ace Hardware, Dollar General, Sonic and Firestone.

Danville, Kentucky (35 Miles from Lexington) is at the heart of American History. The surrounding Bluegrass Region, with its rolling horse farms, is world famous for its breath-taking beauty. Danville is rated one of the 100 best small towns in America! There are many assets that make Danville the exceptional area that it is today. Centre College is a renowned institution for higher education, and draws college students from across the country, adding to the vitality and intellectual resources of the area. The area is also home to over 120 historical houses on the national registry, all of which have been restored in the last 20 years.


Financials

Cap Rate: 9.50%

Net. Net. Landlord responsible for repair and maintenance of the foundation, floor, exterior walls and roof of the building.

>*Rent will be adjusted in direct proportion to the percentage increase, if any, in the CPI for the calendar month in which the tenth anniversary of the Commencement Date occurs over that index for the calendar month in which the fifth anniversary of the Commencement Date occurred or (115%) of the Base Rent amount during the immediately preceding five-year period whichever is greater.

Lease Term: 15 years

Lease Commencement: June 2003

Lease Renewal Options: Two 5-year options.