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.