1927 Stanton Way - Restaurant FOR SALE


Lexington, KY 40511
$2,250,000 USD
859-422-4410
1927 Stanton Way, Lexington, KY for Sale
$2,250,000 USD
Restaurant - FOR SALE
1/5
null | 5.78% Cap Rate

1927 Stanton Way
Lexington, KY 40511


HIGHLIGHTS

  • Corporate guaranteed long-term absolute NNN lease
  • Larger lot to accommodate interstate travel

OVERVIEW

LONG TERM ABSOLUTE NNN LEASE: Fresh 10 year extension with 9+ years remaining with annual rental increases. Absolute NNN lease structure with no Landlord responsibility makes this a great long term, passive investment opportunity CORPORATE GUARANTEED LEASE: The lease is guaranteed by a publicly traded restaurant brand (NASDAQ: CBRL) LONG UNIT OPERATING HISTORY: Cracker Barrel opened at this location in 1978 showing their commitment to this location and the market STRONG INTERSTATE EXIT: Situated at Interstate Exit 115 where I-75 and I-64 are merged, seeing more than 100,000+ cars per day. This is the first interest exit for Lexington if you are coming south on I-75 from Cincinnati, OH or east on I-64 from Louisville, KY. QUALITY UNDERLYING REAL ESTATE LOCATION: Stanton Way has 5 hotels with over 450 rooms along with the new +/- 300 acre Providence Business Center where new building construction has recently started. LARGER LOT SIZE: With a large lot size over 4 acres, this location has a RV and Bus parking lot that adds value for this Cracker Barrel location, as well as adds value for future redevelopment potential

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

5.78%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cracker Barrel NNN Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

4.14 AC

LAND SF

180,338 SF

ZONING

B-5P

APN/PARCEL ID

14851729

ASK ABOUT THIS PROPERTY

J.L. CannadyNAI Isaac Commercial PropertiesMore Info
859-422-4410

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J.L. CannadyNAI Isaac Commercial PropertiesMore Info
859-422-4410

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.