Description
RARE OPORTUNITY! CRACK BARREL GROUND LEASE. Attention investors, don't miss this opportunity to acquire an extremely well located, absolute NNN ground leased property, consisting of 2.66 acres of prime commercial land, with 350 feet of road frontage. This Cracker Barrel restaurant is located on Nicholasville Rd., Traffic count in excess of 35,000 VPD, in the very active Brannon Crossing development. The lease began in 2009, and the current rent is $195,700 per year. In addition to the remaining current lease term, the tenant has three options to renew the lease for five additional years each, and at 10% rental increase in each option period. Priced at very recent appraisal.
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0BEDS
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2.66ACRES
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0BATHS
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01/2 BATHS
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10,266SQFT
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$318$/SQFT
School Ratings & Info
Description
RARE OPORTUNITY! CRACK BARREL GROUND LEASE. Attention investors, don't miss this opportunity to acquire an extremely well located, absolute NNN ground leased property, consisting of 2.66 acres of prime commercial land, with 350 feet of road frontage. This Cracker Barrel restaurant is located on Nicholasville Rd., Traffic count in excess of 35,000 VPD, in the very active Brannon Crossing development. The lease began in 2009, and the current rent is $195,700 per year. In addition to the remaining current lease term, the tenant has three options to renew the lease for five additional years each, and at 10% rental increase in each option period. Priced at very recent appraisal.
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Listing provided courtesy of John Foley of Jack Foley Realty, LLC: (859) 221-4080 . Listing information © 2024 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.