For Sale: NNN 10 Yr Tenant with Drive Thru
$1,279,000
638 Chestnut Street, Berea, KY 40403
5.72
Cap Rate
73,108.92
NOI
Details:
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
Description:
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.
Berea is a vibrant small town in central Kentucky known for its rich arts culture, welcoming community, and strong Appalachian heritage. Home to Berea College, the city blends education, craftsmanship, and entrepreneurship to support a diverse local economy. Berea’s business landscape includes advanced manufacturing, light industrial operations, logistics, healthcare, and professional services, alongside a strong base of small businesses, artisans, and tourism-related enterprises. With direct access to I-75, available industrial sites, and a reliable regional workforce, Berea is well positioned for manufacturing and commercial growth. A collaborative business climate and commitment to community values make Berea an attractive place to invest, work, and do business while preserving its distinctive character.
1 Space Available
Retail - Restaurant Space Restaurant
Former Gold Star Chili Franchisee recently occupied and operated for 4 + years. Closed 3/9/2025.
Documents:
| Title | ||
|---|---|---|
| SVN Brochure - 638 Chestnut Street.pdf | ||
| Brochure_-_638_Chestnut_V5.pdf |
Location
Gallery
