530 US Highway 62 W - Fast Food FOR SALE


Princeton, KY 42445
$1,783,000 USD
678-521-2540
530 US Highway 62 W, Princeton, KY for Sale
$1,783,000 USD
Fast Food - FOR SALE
1/21
null | 6.25% Cap Rate

530 US Highway 62 W
Princeton, KY 42445


HIGHLIGHTS

  • Absolute NNN Lease: Tenant is responsible for taxes, insurance, maintenance, repairs, roof, foundation, and structural elements.
  • Annual Rent Growth: Minimum rent increases 1.5% every year throughout the initial term and all renewal option periods.
  • Long-Term Lease: Initial lease term runs through December 20, 2036, followed by four 5-year renewal options.
  • Experienced Multi-Unit Franchisee: Operator is affiliated with a 20+ unit Taco John’s franchise platform spanning eight states.
  • Strong Location-Level Traffic: Placer.ai ranks the location in the 88th percentile within Kentucky and #2 among Taco John’s locations in Kentucky by f
  • Freestanding Drive-Thru QSR: 2,100 SF restaurant on 0.41 acres with 25 parking spaces.

OVERVIEW

Taco John’s occupies a freestanding 2,100 SF drive-thru restaurant on 0.41 acres along U.S. Highway 62, Princeton’s primary commercial corridor. The property is offered at a 6.0% cap rate with current annual rent of approximately $111,443. The lease provides investors with a long-term, passive ownership structure, including annual 1.5% rent increases, four 5-year renewal options, and an Absolute NNN structure under which the tenant is responsible for taxes, insurance, maintenance, repairs, roof, foundation, and structural elements. The Princeton location is operated by Princeton Hospitality TN, LLC, part of an experienced multi-unit Taco John’s franchise platform operating 20+ restaurants across eight states. Lease obligations are further supported by joint-and-several personal guaranties from the tenant’s two principals. The location also demonstrates strong operating traffic. Based on Placer.ai data for May 1, 2025 through April 30, 2026, the restaurant ranked in the 79th percentile nationally among Taco John’s locations, the 88th percentile within Kentucky, and #2 in Kentucky by foot traffic. The property benefits from prominent visibility and drive-thru access along U.S. Highway 62 within Princeton’s primary retail node, near Kroger, Tractor Supply, Sonic, Dunkin’, O’Reilly Auto Parts, Advance Auto Parts, and other established retail and service users.

FOR SALE DETAILS

PRICE

$1,783,000 USD

PRICE/SF

$849 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco John's - Absolute NNN - Annual Bumps

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,135 SF

ZONING

“B-3” Highway Business

APN/PARCEL ID

38-9Y

ASK ABOUT THIS PROPERTY

Andrew ZifferMarathon Property Group, LLCMore Info
678-521-2540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Andrew ZifferMarathon Property Group, LLCMore Info
678-521-2540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.