Restaurant

O'Charley's | Hopkinsville, KY | Strong Store Sales

4223 Fort Campbell Blvd, Hopkinsville, KY 42240

Listing Price: $2,400,000

Cap Rate
7.00%
Tenant Name
O'Charley's
Years Remaining On Lease
7.8
Guarantor
Corporate Guarantee
Rentable SF
7,795
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.55

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the fee simple interest in this O’Charley’s located in Hopkinsville, Kentucky, the seat of Christian County. O’Charley’s just took 5 years of additional term extending their lease to a total of 8 years, proving their long term commitment to this site. The lease features annual 1% increases and requires no landlord responsibilities. This is an established O’Charley’s location as the tenant has operated here since 2003 and has a strong rent-to-sales ratio of 5.2 percent. The lease is corporately guaranteed by O’Charley’s Restaurant Properties, LLC, a leading full-service restaurant company with over 200 locations in 17 states. The flagship casual-dining chain serves traditional American fare with locations in the Southeast and Midwest. The Property is extremely well-positioned along Fort Campbell Boulevard (31,140 VPD). This is the area’s dominant retail corridor just off the crossroads of two major roads in Hopkinsville, Eagle Way and Interstate-169 (Pennyrile Parkway). The tenant is situated upon an oversized 2.17-acre corner parcel with high residual value adjacent to Comfort Suites, TownePlace Suites by Marriot, and Hampton Inn & Suites making it a walkable destination to overnight visitors. It is positioned across Fort Campbell Boulevard from a Chick-fil-A and Logan’s Roadhouse and surrounded by national retailers Lowe’s, Walmart, Starbucks, Tractor Supply Co., and Aspen Dental which signifies that this is where retailers want to be. The property is located approximately two miles from the James E. Bruce Convention Center, a new 26,000-square-foot meeting and expo facility, and is in proximity to recent commercial and residential construction. Notably, Hopkinsville Town Center, 184,761-square-foot center featuring Hobby Lobby, Burkes Outlet, TJ Maxx, Ross Dress for Less, and Ulta has located seventh-tenths-of-a-mile south along with Fort Campbell Blvd.

Investment Highlights

  • Tenant Just Took 5 More Years of Term Proving Their Long Term Commitment to Site
  • 8 Year Lease; Strong Sales Volume with Low Rent-to-Sales Ratio
  • Strong Synergy with Adjacent Hotels and Surrounding National Retailers
  • Dominant Retail Corridor with 31,140 VPD with Military and County Seat Related Drivers

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

Restaurant

O'Charley's | Hopkinsville, KY | Strong Store Sales

Listing Price: $2,400,000

Cap Rate
7.00%
Tenant Name
O'Charley's
Years Remaining On Lease
7.8
Guarantor
Corporate Guarantee
Rentable SF
7,795
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.55

Investment Highlights

  • Tenant Just Took 5 More Years of Term Proving Their Long Term Commitment to Site
  • 8 Year Lease; Strong Sales Volume with Low Rent-to-Sales Ratio
  • Strong Synergy with Adjacent Hotels and Surrounding National Retailers
  • Dominant Retail Corridor with 31,140 VPD with Military and County Seat Related Drivers

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the fee simple interest in this O’Charley’s located in Hopkinsville, Kentucky, the seat of Christian County. O’Charley’s just took 5 years of additional term extending their lease to a total of 8 years, proving their long term commitment to this site. The lease features annual 1% increases and requires no landlord responsibilities. This is an established O’Charley’s location as the tenant has operated here since 2003 and has a strong rent-to-sales ratio of 5.2 percent. The lease is corporately guaranteed by O’Charley’s Restaurant Properties, LLC, a leading full-service restaurant company with over 200 locations in 17 states. The flagship casual-dining chain serves traditional American fare with locations in the Southeast and Midwest. The Property is extremely well-positioned along Fort Campbell Boulevard (31,140 VPD). This is the area’s dominant retail corridor just off the crossroads of two major roads in Hopkinsville, Eagle Way and Interstate-169 (Pennyrile Parkway). The tenant is situated upon an oversized 2.17-acre corner parcel with high residual value adjacent to Comfort Suites, TownePlace Suites by Marriot, and Hampton Inn & Suites making it a walkable destination to overnight visitors. It is positioned across Fort Campbell Boulevard from a Chick-fil-A and Logan’s Roadhouse and surrounded by national retailers Lowe’s, Walmart, Starbucks, Tractor Supply Co., and Aspen Dental which signifies that this is where retailers want to be. The property is located approximately two miles from the James E. Bruce Convention Center, a new 26,000-square-foot meeting and expo facility, and is in proximity to recent commercial and residential construction. Notably, Hopkinsville Town Center, 184,761-square-foot center featuring Hobby Lobby, Burkes Outlet, TJ Maxx, Ross Dress for Less, and Ulta has located seventh-tenths-of-a-mile south along with Fort Campbell Blvd.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

MM Texture Background
MM Textured Background Lower