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8025 Action Boulevard, Florence, KY 41042

High Stakes Harley-Davidson

Price: 
Land Price / SF:
Year Built: 
APN: 
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$5,450,000

$153

1990

061.00-00-121.00
061.00-00-121.03

Building Area:
Land Area: 
Zoning:
Status: 

35,647 SF

143,748 SF

Commercial

Available

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Prime Retail Location

  • Two Freestanding Retail Buildings in the Heart of Florence, Kentucky

  • Properties Built in 2012, Situated on 3.3 Acres of Land

Harley-Davidson Dealership

  • 24,570 SF Single Tenant Net Lease Property Priced Well Below Replacement Cost

  • Approximately 3 Years Remaining on the Current Lease Term

  • Exercised First of Three Options in 2022, With 2% Annual Rent Increases

  • High-Stakes Harley-Davidson has Operated at this Location for Over 12 Years

  • Part of the Harley-Davidson of Cincinnati Dealership, the Largest and Oldest in the Tri-State Area

  • Ranked in the Top 11% of Dealerships Nationwide by Placer.ai, #3 of 7 in Kentucky, #1 Within a 30-Mile Radius

Value-Add Opportunity

  • 11,077 SF Vacant Freestanding Restaurant Building Priced Well Below Replacement Cost

  • Formerly Quick Steak & Lube, Comprising 8,709 SF of Indoor Space and 2,368 SF of Outdoor Seating

  • Zoned B2, Suitable for Wholesale Businesses and Large-Site Retail Concepts

Strategic Positioning

  • Located on an Outparcel to the 890,000 SF Florence Mall, a Major Regional Destination with 100+ Stores

  • Surrounded by Over 5 Million Square Feet of National, Regional, and Local Tenants Within a 1.5-Mile Radius

  • Excellent Accessibility Near I-70 and I-75 Highways, With Daily Traffic Count Exceeding 160,000 Cars

  • High Visibility and Ease of Access for Consumers

Strong Market Fundamentals

  • Dense Infill Location With Over 140,000 People Within a 5-Mile Radius

  • Average Household Income of Over $98,000

  • 15 Minutes From the Cincinnati/Northern Kentucky International Airport

  • Significant Hub for Both National and Regional Retailers

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present two freestanding retail buildings located in the heart of Florence, Kentucky. The opportunity consists of a single tenant net lease 24,570 SF Harley-Davidson dealership coupled with a freestanding 11,077 SF vacant restaurant building. The properties were built in 2012 situated on 3.3-acres of land.

Harley-Davidson has approximately 3 years remaining on their current term after exercising their 1st of 3 options in 2022 with 2% annual increases through the terms and options. The current location High-Stakes Harley-Davidson has operated at this location for over 12 years and is part of the Harley-Davidson of Cincinnati dealership, the largest and oldest Harley-Davidson dealership in the tri-state area.  Placer.ai ranks High Stakes Harley-Davidson in the top 11% of dealerships in the country, #3 of 7 in state of Kentucky and #1 in a 30 miles radius of the property.

This opportunity also provides investors with a value-add component with the vacant 11,077 SF freestanding restaurant. Formerly Quick Steak & Lube, the building is comprised of 8,709 SF of restaurant space with approximately 2,368 SF of outdoor seating. Both properties are priced well below replacement cost providing an attractive opportunity to purchase at a low basis to add value. According to public records the property is zoned B2. This type of commercial zoning is available to wholesale businesses and large-site retail concepts. 

Notably, the site sits on an outparcel to the 890,000 SF Florence Mall, a major destination for the region with approximately 100+ stores. In addition to the adjacent Florence Mall the subject property is surrounded by over 5 million square feet of national, regional and local tenants in a 1.5-mile radius.

The property is strategically positioned with excellent accessibility, situated near the I-70 and I-75 highways, with a daily traffic count exceeding 160,000 cars per day. This accessibility ensures the property’s visibility and ease of access for consumers, further enhancing the potential of current and future tenant’s success in serving the local market. Located in a dense infill location, the property benefits over 141,000 people within a 5-mile radius with an average household income of over $98,000. Florence is one of the fastest-growing communities in Kentucky, and serves as a significant hub for both national and regional retailers.

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