7414 Turfway Road is aretail property for lease in Florence, KY.
Just-renovated O'Charley's location available in Turfway/Airport area of NKY (Cincinnati MSA). Deal Points:
- 13 years remaining on lease with 3-5 year options,
- Full parental guarantee with investment-grade parent PLUS franchisee guarantee,
- Offered at 6% cap rate with annual rent bumps for inflation protection,
- Absolute NNN lease having NO landlord responsibilities,
- Fee simple ownership,
- Excellent market area and visibility along major traffic artery at signalized intersection. One block from I-75 in major retail corridor and 1.5 miles to Florence Mall. Across Houston Blvd. from St Elizabeth's Hospital and 5 miles to CVG terminal.
- 140,000 residences having HH income of $74,300 and ~90,000 employees, all within a five-mile radius.
This is a co-brokerage listing with Faris-Lee Investments (www.farislee.com). Offering Memorandum available with execution of Confidentiality Agreement (form attached).
This is your opportunity to own a trophy property in a highly desirable location with excellent owner financial attributes.
Please describe your commercial real estate requirements. We’ll introduce you to local properties that match your criteria.