Offering Memorandum

Investment Sale

Smokey Bones & BJ’s Brewhouse

7848 Mall Rd & 7852 Mall Rd
Florence, Kentucky

eCode:041i

Sales Price

Smokey Bones: $1,909,492
BJ's Brewhouse: $2,218,333

NOI

Smokey Bones: $124,117
BJ's Brewhouse: $133,100

Cap Rate

Smokey Bones: 6.50%
BJ's Brewhouse: 6.00%

Lease Expiration

Smokey Bones: 12/31/2025
BJ's Brewhouse: 12/31/2033

Building Size

Smokey Bones: 7,200 SF
BJ's Brewhouse: 8,500 SF

Year Built

Smokey Bones: 2005
BJ's Brewhouse: 2012

Zoning

Commercial

Traffic Count

Mall Rd (16,043 CPD)
I-75, I-77 (82,082 CPD)

Highlights

  • Strong Corporate Tenants
  • Excellent Retail Location
  • Demographics
  • Absolute NNN Leases
  • Long Term Occupancy

Radius 1 mile 3 mile 5 mile
Population Density 7,730 66,789 142,070
Household Income $83,651 $83,461 $91,104
Daytime Pop 7,393 38,629 70,961

SIMILAR PROPERTIES

Multi-Tenant
11400-11500 Telegraph Rd
Taylor, Michigan

Unpriced | 83,964 SF
Single-Tenant
1951 Midway Mall
Elyria, Ohio

$1,440,000 | 8,475 SF
Single-Tenant
717 E Lake Shore Dr
Manistique, Michigan

$2,215,385 | 35,299 SF
Single-Tenant
91 W Pine Lake Dr
Newaygo, Michigan

$2,215,385 | 34,886 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement