638 Chestnut St - Freestanding FOR SALE


Berea, KY 40403
$1,279,000 USD
859-312-8069
638 Chestnut St, Berea, KY for Sale
$1,279,000 USD
Freestanding - FOR SALE
1/11
null | 5.72% Cap Rate

638 Chestnut St
Berea, KY 40403


HIGHLIGHTS

  • Tenant occupied 2,521 SF Drive Thru - Fast Casual FOR SALE
  • NEW 10 year NNN Lease just started in Summer of 2025 (Landlord only responsible for Roof and Structure)
  • Increases in Rent every 2 years, and (2) 6 YEAR OPTIONS TO RENEW
  • Tenant has multiple locations across the region in Kentucky including Berea, London, Frankfort, Somerset, Ashland, and Mount Sterling
  • Less than 1/4 mile to Exit 76 in Berea - NEAR Walmart, Cracker Barrel, McDonalds, Starbucks, Popeyes, and more

OVERVIEW

SVN Stone is pleased to bring to market this property for an INVESTOR in Berea, KY at a signaled intersection with a Drive Thru that is occupied by a Regional, Fast casual. The group just began a 10 year NNN lease at this location in Summer of 2025! The tenant remodeled the former Gold Star Chili franchised space, in Summer of 2025, and began paying rent in the Fall of 2025 to start the initial term. The group has increases in rent every two years, and has two (6 year options). The group has several Central KY locations, and offers asian cuisine. The space is less than a 1/4 mile from exit 76 off I-75, with retailers like Walmart, Cracker Barrel, Popeye's Chicken, McDonalds, Starbucks and more! Contact Neal Metcalfe, Senior Advisor 859-312-8069, neal.metcalfe@svn.com or Matt Stone, Managing Director, CCIM, SIOR, MBA 859-351-5444, matt.stone@svn.com for more information.

FOR SALE DETAILS

PRICE

$1,279,000 USD

PRICE/SF

$474 USD /SF

CAP RATE

5.72%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

For Sale: NNN 10 Yr Tenant with Drive Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,078 SF

ZONING

Retail

APN/PARCEL ID

B001-0009-0013

ASK ABOUT THIS PROPERTY

Neal MetcalfeSVN | Stone Commercial Real EstateMore Info
859-312-8069

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Neal MetcalfeSVN | Stone Commercial Real EstateMore Info
859-312-8069

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