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101 E Main St, Hazard, KY, 41701

Long John Silver’s
$562,500

Key Information

Cap Rate
8.32%
$ per SF
$213
Tot. SF
2,640
Lot Size
1.38 Acres
Year Built
2010
Term Remaining
± 2.8 Years
Type
Retail
NOI
$47,092

Highlights

  • Absolute Triple-Net (NNN) Lease Structure: Tenant is responsible for all operating expenses, including real estate taxes, insurance, and maintenance, providing passive ownership with no landlord expense obligations.
  • Established Lease Term with Defined Expiration: Current lease term extends through December 31, 2028, offering secured cash flow over the remaining primary term.
  • Strong In-Place Income: The property generates an annual Net Operating Income (NOI) of $47,092.
  • Tenant Sales Reporting: Tenant reports sales, offering transparency into unit-level performance and supporting underwriting visibility.
  • Demonstrated Tenant Commitment: Tenant exercised its first five-year renewal option in 2023, evidencing operational performance and long-term commitment to the location.
  • Future Upside Through Renewal Options: Two (2) additional five-year renewal options remain, providing potential for extended tenancy and income continuity.
  • Top-Performing Location: Ranked among the top 20 Long John Silver’s locations in Kentucky by foot traffic, according to Alpha Maps, underscoring strong consumer engagement at the site.
  • Prime Downtown Presence: Positioned on Main Street in the heart of Hazard’s central business district, benefiting from local vehicular and pedestrian activity and visibility within the community core.
  • County Seat & Regional Hub: Hazard is the county seat of Perry County, anchoring regional government, services, and commerce in southeastern Kentucky, which supports steady local traffic and economic activity.
  • Cultural & Visitor Attractions: Proximity to local attractions such as The Mother Goose House provides heritage tourism draw and additional visitations to the vicinity.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 239410, 221925
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203