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O'Charley's | 4yrs Remain Corp Abs NNN 7414 Turfway Rd 8,032 SF Retail Building Florence, KY 41042 $4,527,000 ($563.62/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

~4 Years of Term Remaining | Annual Increases
Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
Less Than 1.5 Miles From Florence Mall / 1.5 MM SF Of Retail Space

Corporate Guarantor: American Blue Ribbon
Located Near 4 Shopping Centers (Over 1 MM SF of Combined Retail Space) | Prominent Monument Signage
Close Proximity To Cincinnati / Northern Kentucky International Airport

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

8,032 SF

Building Class

Year Built/Renovated

1992/2015

Price

$4,527,000

Price Per SF

$563.62

Cap Rate

NOI

$316,859

Tenancy

Single

Building Height

1 Story

Building FAR

0.14

Lot Size

1.32 AC

Opportunity Zone

Yes

Zoning

C-2 - Commercial

Parking

108 Spaces (10 Spaces per 1,000 SF Leased)

Corner Lot
Restaurant

Signage

Signalized Intersection

Monument Signage

Accommodation and Food Services
99,999 SF
$9.99
Lorem Ipsum
Jan 0000

O'Charley's is a privately held casual dining restaurant chain based in Nashville, Tennessee, founded in 1971 by Charley “Sonny” Watkins. The company specializes in Southern-inspired American cuisine, featuring signature soft yeast rolls, prime rib, chicken, seafood, and desserts. O'Charley's expanded regionally under franchisee David K. Wachtel through the 1980s and went public in 1990. In 2012, it was acquired by Fidelity National Financial’s American Blue Ribbon Holdings, and later became part of Cannae Holdings, Inc. in 2018. The company remains a subsidiary under Cannae Holdings.