Improved Commercial Land for Sale in Nicholasville, Kentucky
4089 Lexington Rd Nicholasville, KY 40356
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.
Directions
From Lexington, take Nicholasville south to Brannon Crossing, go right onto West Brannon Rd, take the first left.
Location
- Street Address
- 4089 Lexington Rd
- County
- Jessamine County
- Elevation
- 1,060 feet
Property details
- Zoning
- B-2
- MLS Number
- LBAR 24019616
- Date Posted
Parcels
- 066-00-00-005.04
Detailed attributes
Structure
- Materials
- Block
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 16, 2024 | New listing | $3,260,000 | — | LBAR |