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.