4089 Lexington Road, Nicholasville, KY 40356
$3,260,000
Property Type:
Commercial Sale
Square Footage:
10,266
Lot Size (sq. ft.):
115,870
Status:
Closed
Current Price:
$3,260,000
List Date:
9/16/2024
Last Modified:
9/04/2025
Overview
Description
Listing Details MLS# 24019616
Listing Information
- Comp Sale YN
- No
Status Change Information
- Status Change Timestamp
- 2025-02-10
- Purchase Contract Date
- 2024-12-06
- Close Date
- 2025-02-10
- Close Price
- 3260000
- Buyer Financing
- Cash
- Sale Type
- Arms Length Sale
Address
- County
- Jessamine
- Street Number
- 4089
- Street Name
- Lexington
- Street Suffix
- Road
- State
- KY
- Zip Code
- 40356
- Parcel Number
- 066-00-00-005.04
Contract
- Original List Price
- 3260000
- Start Showing Date
- 2024-09-16
- Listing Contract Date
- 2024-09-15
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- T Hall-Dynasty CB LLC
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/SqFt
- 317.55
- Sold Price/SqFt
- 317.55
- SP/LP
- Yes
Tax Legal
- MLS Area Major
- 009 - Jessamine County
- Subdivision Name
- Commercial
Interior
- Living Area
- 10266
- Building Area Total
- 10266
More Information
Parking Information
- Parking Total
- 56
Building
- Year Built
- 2009
Lot
- Lot Size Acres
- 2.66
- Lot Size Square Feet
- 115870
- Lot Size Dimensions
- 330 x ?
- Road Frontage Feet
- 350
Remarks
- Public Remarks
- 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.
Income and Expenses
- Total Actual Rent
- 195700
Showing Information
- Showing Instructions
- Please be discrete when showing, we don't want to disturb tenants or their guest.
Tax & Legal
- Tax Rate
- 1.248
- Zoning Description
- B-2
- Directions
- From Lexington, take Nicholasville south to Brannon Crossing, go right onto West Brannon Rd, take the first left.
Association/Community
- Number Of Buildings
- 1
Utilities
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Construction Materials
- Block
- Yes
Listing Terms
- Cash
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Business Type
- Restaurant
- Yes
Existing Lease Type
- NNN
- Yes
Sale Includes
- Land
- Yes
- Leases
- Yes
Tenant Pays
- Common Area Maintenance
- Yes
- Electricity
- Yes
- Exterior Maintenance
- Yes
- Gas
- Yes
- Insurance
- Yes
- Interior Maintenance
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
- Other
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Business Type:
Restaurant
Construction Materials:
Block
Existing Lease Type:
NNN
Listing Terms:
Cash
Parking Features:
On Site; Paved
Possession:
Close Of Escrow; Subject To Tenant Rights
Sale Includes:
Land; Leases
Sewer:
Public Sewer
Special Listing Conditions:
Standard
Tenant Pays:
Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Insurance; Interior Maintenance; Sewer; Taxes; Trash Collection; Water; Other
Listing Office:
Jack Foley Realty, LLC
Last Updated: September - 04 - 2025
Information deemed reliable but not guaranteed.