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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
C
Year Built/Renovated
1992/2015
Price
$4,527,000
Price Per SF
$563.62
Cap Rate
7%
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)

AMENITIES

  • Corner Lot
  • Restaurant
  • Signage
  • Signalized Intersection
  • Monument Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

When dining out in today’s busy world, people don’t just crave their favorite foods; they want to spend time with the people who matter most. That’s why, at O’Charley’s, a meal is more than what's on the plates. It's about what's shared around the table—the conversations, the stories told and retold, the laughter of inside jokes, and the raised glasses to heartfelt toasts. Sometimes, it's about simple, comfortable silence. It's about celebrating birthdays, anniversaries, or any day, and making it through a hard day. It's time spent with family and friends in moments both big and small. So O’Charley’s serves meals with Southern Hospitality, whether in their dining room or yours, helping diners connect with others, sharing everyday and special occasions. O’Charley’s understands that diners hunger for more than just food—something meaningful, uplifting, something found around a table with their O’mazing food.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Starbucks
Cracker Barrel Old Country Store
Golden Corral
Steak ‘n Shake
Mcalister's Deli
LongHorn Steakhouse
Skyline Chili
Nathan's Famous-delivery Only
Rafferty's
Applebee's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
072.00-02-004.02
Land Assessment
$500,000
Improvements Assessment
$2,400,000
Total Assessment
$2,900,000
  • Listing ID: 34359972

  • Date on Market: 1/3/2025

  • Last Updated:

  • Address: 7414 Turfway Rd, Florence, KY 41042

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