Main Street Auto
Retail | 6.75% CAP | 7,405 SqFt
Marketing description
Surmount and Bang Realty are pleased to present the exclusive listing for a Main Street Auto located at 376 Big Hill Ave, Richmond, KY 40475. The site consists of roughly 7,405 rentable square feet of building space on an estimated 0.61-acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 2/20/2025. The current annual rent is $210,000 and has scheduled increases of 2.00% annually starting 3/1/2031.
Investment highlights
Stong Corporate Guarantee | The lease features a corporate guarantee from Main Street Auto. Main Street Auto is a rapidly growing operator of automotive repair shops in the southeast and beyond. They currently operate ~150 locations. The corporate guarantee on this lease is backed by ~110 of these locations.
Strong Growing Demographics | The subject property benefits from steady population growth through 2029, with 2.0% growth within a 3-mile radius and 1.9% growth within a 5-mile radius, providing a growing customer base and supporting sustained demand for retail and service businesses.
Proximity to Eastern Kentucky University | The subject property benefits from its positioning just 1.5 miles from Eastern Kentucky University, a major regional institution with a student population of approximately 16,000, providing significant visibility and access to a large, dynamic customer base.
Proximity to Baptist Health Richmond | The subject property benefits from being just 1 mile from Baptist Health Richmond, a 110- bed regional medical center, offering significant exposure to employees, patients, and visitors. This proximity ensures high visibility and consistent traffic, enhancing the property s appeal for retail and service-oriented tenants.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
