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Cracker Barrel 4089 Lexington Rd

10,266 SF Retail Building Nicholasville, KY 40356 $3,260,000 ($318/SF) 6% Cap Rate

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Investment Highlights

Very active commercial area 35,000 VPD

Executive Summary

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.

4089 Lexington Road Nicholasville, Ky

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts Under Contract

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

10,266 SF

Building Class

Year Built

2009

Price

$3,260,000

Price Per SF

$318

Cap Rate

NOI

$195,700

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

2.66 AC

Zoning

B-2

Parking

154 Spaces (15 Spaces per 1,000 SF Leased)

Frontage

350 FT on Nicholasville Rd.

Accommodation and Food Services
99,999 SF
$9.99
Lorem Ipsum
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Cracker Barrel Old Country Store, Inc. provides a friendly home-away-from-home in its old country stores and restaurants. Guests are cared for like family while relaxing and enjoying real home-style food and shopping that’s surprisingly unique, genuinely fun and reminiscent of America’s country heritage…all at a fair price. The restaurant serves up delicious, home-style country food such as meatloaf and homemade chicken n’ dumplins as well as its signature biscuits using an old family recipe. The authentic old country retail store is fun to shop and offers unique gifts and self-indulgences.