Investment Offering
Florence, KY - O'Charley's
7414 Turfway Road | Florence, KY 41042
$4,527,000
Price7%
Cap Rate$316,859
NOI8,032
± SF Offering GLA1.32
± AC Land AreaDescription
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, single tenant, O’Charley’s located in Florence, Kentucky. The tenant, O’Charley’s, has approximately 8 years remaining
in the current term. The lease features annual increases throughout the initial term, which generates steady NOI growth and hedges against inflation. The subject property was also recently renovated in 2015 with new property signage and exterior alterations.
Location
The subject property is located at the signalized, hard corner intersection of Houston Road and Turfway Road (42,700 combined vehicles per day). Key national/credit tenants in the immediate trade area include: PetSmart, Sam’s Club, Target, Kohl’s, Home Depot, Dick’s Sporting Goods, Michael’s, Jo-Ann Stores, Meijer, and more. The subject property is also less than 1.5 miles away from Florence Mall (1.5mm SF) - Macy’s, Kroger, TJ Maxx, and more. There are more than 140,200 permanent residents with an average household of $78,200 within 5 miles of the subject property. Additionally, there are 101,700 daytime employees within a 5-mile radius.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215