Restaurant
Gold Star Chili
237 Wal-Mart Way, Maysville, KY 41056
Listing Price: $3,422,222
Investment Overview
An exceptional investment opportunity awaits with this freestanding Gold Star Chili located at 237 Wal-Mart Way, Maysville, KY. This newly structured 20-year absolute NNN lease provides zero landlord responsibilities, ensuring a passive income stream for investors. The property is listed at $3,422,222, offering a 6.75% cap rate and $231,000 in annual rental income, with 10% rent increases every five years. Additionally, the lease includes four (5-year) extension options and is personally guaranteed by Robert Maher, adding security to the investment.
Strategically positioned in a high-traffic retail corridor, this Gold Star Chili benefits from strong consumer demand, with neighboring national retailers and a well-established local customer base. Maysville, KY, continues to show steady economic growth, making it an attractive market for long-term commercial investments. With a stable tenant, strong lease terms, and a hands-off management structure, this property presents a compelling opportunity for investors seeking consistent returns in a thriving location.
Gold Star Chili
Investment Highlights
- Located on Wal-Mart Way (5,000 VPD) in the Walmart Supercenter Anchored Center Since 2006 With Premier Frontage Along AA Hwy (12,900 VPD) Attracting Significant Foot Traffic
- Brand New 20 Year NNN Lease | Zero Landlord Responsibilities | Rental Increases of 10% Every 5 Years and in Option Periods
- Situated alongside other Tenants Such As Verizon, Marshalls, Applebee's Grill, Bob Evans, Rack Room Shoes, Dollar Tree, H&R Block, Dunkin, Subway, Sonic, and Murphy Gas
- Top 3 Grossing Store In Franchise System
- Gold Star Chili | A Cincinnati Favorite Since 1965 | Over 70 Locations Across Ohio, Kentucky, and Indiana
Exclusively Listed By
Broker of Record
Listing Price: $3,422,222
Investment Highlights
- Located on Wal-Mart Way (5,000 VPD) in the Walmart Supercenter Anchored Center Since 2006 With Premier Frontage Along AA Hwy (12,900 VPD) Attracting Significant Foot Traffic
- Brand New 20 Year NNN Lease | Zero Landlord Responsibilities | Rental Increases of 10% Every 5 Years and in Option Periods
- Situated alongside other Tenants Such As Verizon, Marshalls, Applebee's Grill, Bob Evans, Rack Room Shoes, Dollar Tree, H&R Block, Dunkin, Subway, Sonic, and Murphy Gas
- Top 3 Grossing Store In Franchise System
- Gold Star Chili | A Cincinnati Favorite Since 1965 | Over 70 Locations Across Ohio, Kentucky, and Indiana
Investment Overview
An exceptional investment opportunity awaits with this freestanding Gold Star Chili located at 237 Wal-Mart Way, Maysville, KY. This newly structured 20-year absolute NNN lease provides zero landlord responsibilities, ensuring a passive income stream for investors. The property is listed at $3,422,222, offering a 6.75% cap rate and $231,000 in annual rental income, with 10% rent increases every five years. Additionally, the lease includes four (5-year) extension options and is personally guaranteed by Robert Maher, adding security to the investment. Strategically positioned in a high-traffic retail corridor, this Gold Star Chili benefits from strong consumer demand, with neighboring national retailers and a well-established local customer base. Maysville, KY, continues to show steady economic growth, making it an attractive market for long-term commercial investments. With a stable tenant, strong lease terms, and a hands-off management structure, this property presents a compelling opportunity for investors seeking consistent returns in a thriving location.
Exclusively Listed By
Broker of Record
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