237 Wal Mart Way - Restaurant FOR SALE


Maysville, KY 41056
$3,422,222 USD
408-510-9057
237 Wal Mart Way, Maysville, KY for Sale
$3,422,222 USD
Restaurant - FOR SALE
1/5
null | 6.75% Cap Rate

237 Wal Mart Way
Maysville, KY 41056


HIGHLIGHTS

  • Located on Wal-Mart Way (5,000 VPD) in the Walmart Supercenter Anchored Center Since 2006 With Premier Frontage Along AA Hwy (12,900 VPD)
  • Brand New 20 Year NNN Lease | Zero Landlord Responsibilities | Rental Increases of 10% Every 5 Years and in Option Periods
  • Top 3 Grossing Store In Franchise System
  • Situated alongside other Tenants Such As Verizon, Marshalls, Applebee’s Grill, Bob Evans, Rack Room Shoes, Dollar Tree, H&R Block, Dunkin, Sonic
  • Gold Star Chili | A Cincinnati Favorite Since 1965 | Over 70 Locations Across Ohio, Kentucky, and Indiana

OVERVIEW

An exceptional investment opportunity awaits with this freestanding Gold Star Chili located at 237 Wal-Mart Way, Maysville, KY. This newly structured 20-year absolute NNN lease provides zero landlord responsibilities, ensuring a passive income stream for investors. The property is listed at $3,422,222, offering a 6.75% cap rate and $231,000 in annual rental income, with 10% rent increases every five years. Additionally, the lease includes four (5-year) extension options and is personally guaranteed by Robert Maher, adding security to the investment. Strategically positioned in a high-traffic retail corridor, this Gold Star Chili benefits from strong consumer demand, with neighboring national retailers and a well-established local customer base. Maysville, KY, continues to show steady economic growth, making it an attractive market for long-term commercial investments. With a stable tenant, strong lease terms, and a hands-off management structure, this property presents a compelling opportunity for investors seeking consistent returns in a thriving location.

FOR SALE DETAILS

PRICE

$3,422,222 USD

PRICE/SF

$1,462 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gold Star Chili | 20YR NNN Lease | 6.75% CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

-

APN/PARCEL ID

050-00-00-013.08

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

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