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4089 Lexington Road, Nicholasville, KY 40356

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For Sale

$3,260,000

10,266 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $317.55
    Price per square foot

  • 11-20 Years Old
    Age

Explore this Property

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. Priced at very recent appraisal.
MLS# 24019616

Courtesy Of Jack Foley Real Estate Service

(859) 221-4080

Property Features

  • Age
    11-20 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Block
  • Lot Size
    2.66 Acres

Map and Directions

Directions to 4089 Lexington Road, Nicholasville, KY 40356

Home seller CENTURY 21 Advantage Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Advantage Realty

(859) 721-0121
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 Lexington-Bluegrass Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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