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Sedona Taphouse 3600 Palomar Centre Dr 5,715 SF Retail Building Lexington, KY 40513 $3,700,000 ($647.42/SF) 6.49% Cap Rate
Investment Highlights
- Prime location within Palomar Centre, dominant retail corridor shadow anchored by Walmart, Publix, Malones.
- Nationally-recognized Sedona Taphouse tenancy with strong brand identity and customer draw
- 10-year initial term with 1.5 years left, with four 5-year renewal options
- Other trade area retailers include Chase, Bank of America, Traditional Bank, Panera, McDonalds, Qdoba, Starbucks, CHI Saint Joseph Health Care
- Passive Absolute NNN lease structure with +/-$240,000 NOI/6.5% CAP
- High-traffic location near Harrodsburg Road & Man O’ War Blvd
Executive Summary
Single Tenant Net Leased Investment Opportunity occupied by Sedona Tap House. The property is situated within the Palomar Centre shopping area, a thriving retail and residential hub on Harrodsburg Road.A casual, family-friendly restaurant specializing in Southwest-inspired cuisine, steaks, and seafood. It is highly regarded for its extensive craft beer selection - one of the largest in the community - and features a contemporary atmosphere with a fireplace and outdoor seating.
Corporate Background: Sedona Taphouse is owned by DJB Hospitality LLC, founded by veteran restaurateur Dennis Barbaro. The company, which operates16 locations, was established in 2011 to provide high-quality craft beer, wine, and food. Sedona Taphouse is known for its Southwest-inspired, scratch-made food, a large selection of craft beers, and a commitment to local community support.
Parent Company: Owned and operated by DJB Hospitality, which also manages the NAPA Kitchen & Wine concept-in 2020, DJB Hospitality described itself as a $50M businessGrowth & Recognition: Sedona Taphouse has been named to theInc. 5000 list of America’s fastest-growing private companies for5 consecutive years, as of late 2024.
Long-Term NNN Lease: One-and-a-half years remaining on the primary lease term, plus four five-year tenant options.
Completely passive NNN investment – ZERO landlord responsibilities.-Attractive 8% increases every 5 years in the Primary and Option Terms.
Palomar Shopping Area:Subject property is located in the same shopping area shadow anchored by Walmart and Publix. Other trade area retailers include Chase, Bank of America, Traditional Bank, Panera, McDonalds, Qdoba , Starbucks, CHI Saint Joseph Health Care.
High traffic: US 68 cross Harrodsburg Road - 31,820 CPD. Harrodsburg Rd cross Man O’ War Blvd - 31,626 CPD
Corporate Background: Sedona Taphouse is owned by DJB Hospitality LLC, founded by veteran restaurateur Dennis Barbaro. The company, which operates16 locations, was established in 2011 to provide high-quality craft beer, wine, and food. Sedona Taphouse is known for its Southwest-inspired, scratch-made food, a large selection of craft beers, and a commitment to local community support.
Parent Company: Owned and operated by DJB Hospitality, which also manages the NAPA Kitchen & Wine concept-in 2020, DJB Hospitality described itself as a $50M businessGrowth & Recognition: Sedona Taphouse has been named to theInc. 5000 list of America’s fastest-growing private companies for5 consecutive years, as of late 2024.
Long-Term NNN Lease: One-and-a-half years remaining on the primary lease term, plus four five-year tenant options.
Completely passive NNN investment – ZERO landlord responsibilities.-Attractive 8% increases every 5 years in the Primary and Option Terms.
Palomar Shopping Area:Subject property is located in the same shopping area shadow anchored by Walmart and Publix. Other trade area retailers include Chase, Bank of America, Traditional Bank, Panera, McDonalds, Qdoba , Starbucks, CHI Saint Joseph Health Care.
High traffic: US 68 cross Harrodsburg Road - 31,820 CPD. Harrodsburg Rd cross Man O’ War Blvd - 31,626 CPD
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
5,715 SF
Year Built
2018
Price
$3,700,000
Price Per SF
$647.42
Cap Rate
6.49%
NOI
$240,000
Tenancy
Single
Building Height
1 Story
Zoning
B-1
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Sedona Taphouse
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Sedona Taphouse | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 38174270 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,647,900 |
Property Taxes
Parcel Number
38174270
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,647,900
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Sedona Taphouse | 3600 Palomar Centre Dr
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