7414 Turfway Rd - Restaurant FOR SALE


Florence, KY 41042
$4,592,000 USD
480-221-4221
7414 Turfway Rd, Florence, KY for Sale
$4,592,000 USD
Restaurant - FOR SALE
1/7
null | 6.9% Cap Rate

7414 Turfway Rd
Florence, KY 41042


HIGHLIGHTS

  • ~4 Years of Term Remaining | Annual Increases
  • Corporate Guarantor: American Blue Ribbon
  • Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Near 4 Shopping Centers (Over 1 MM SF of Combined Retail Space) | Prominent Monument Signage
  • Less Than 1.5 Miles From Florence Mall / 1.5 MM SF Of Retail Space
  • Close Proximity To Cincinnati / Northern Kentucky International Airport

OVERVIEW

SRS National Net Lease Group is pleased to present the opportunity to acquire the fee simple interest (land & building) in a freestanding, absolute NNN, corporate leased, O’Charley’s located in Florence, Kentucky. The tenant, O’Charley’s, has approximately 4 years remaining in the current term with 3 (5-year) options to extend. The lease features 1.75% rental increases annually throughout the initial term and 1.25% annual increases throughout the option periods, which generates steady NOI growth and hedges against inflation. The lease is an absolute NNN lease with zero landlord responsibilities, making it an ideal investment for a passive investor.

FOR SALE DETAILS

PRICE

$4,592,000 USD

PRICE/SF

$572 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Charley's | 4yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

108

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

C-2

APN/PARCEL ID

072.00-02-004.02

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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