Cracker Barrel NNN Investment 1927 Stanton Way 10,768 SF Retail Building Lexington, KY 40511 $2,250,000 ($208.95/SF) 5.78% Cap Rate

INVESTMENT HIGHLIGHTS

  • Corporate guaranteed long-term absolute NNN lease
  • Larger lot to accommodate interstate travel

EXECUTIVE SUMMARY

LONG TERM ABSOLUTE NNN LEASE: Fresh 10 year extension with 9+ years remaining with annual rental increases. Absolute NNN lease structure with no Landlord responsibility makes this a great long term, passive investment opportunity

CORPORATE GUARANTEED LEASE: The lease is guaranteed by a publicly traded restaurant brand (NASDAQ: CBRL)
LONG UNIT OPERATING HISTORY: Cracker Barrel opened at this location in 1978 showing their commitment to this location and the market

STRONG INTERSTATE EXIT: Situated at Interstate Exit 115 where I-75 and I-64 are merged, seeing more than 100,000+ cars per day. This is the first interest exit for Lexington if you are coming south on I-75 from Cincinnati, OH or east on I-64 from Louisville, KY.

QUALITY UNDERLYING REAL ESTATE LOCATION: Stanton Way has 5 hotels with over 450 rooms along with the new +/- 300 acre Providence Business Center where new building construction has recently started.

LARGER LOT SIZE: With a large lot size over 4 acres, this location has a RV and Bus parking lot that adds value for this Cracker Barrel location, as well as adds value for future redevelopment potential

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,768 SF
Building Class
B
Year Built
1980
Price
$2,250,000
Price Per SF
$208.95
Cap Rate
5.78%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
4.14 AC
Zoning
B-5P - Interchange Business
Parking
55 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
180’ on Stanton Way

AMENITIES

  • Pylon Sign
  • Signage

PROPERTY TAXES

  • Listing ID: 35291674

  • Date on Market: 3/28/2025

  • Last Updated:

  • Address: 1927 Stanton Way, Lexington, KY 40511