Matthews Logo

Navigation Menu

710 Chestnut St, Berea, KY, 40403

Pizza Hut
$492,203

Key Information

Cap Rate
6.5%
Tot. SF
3,526
Year Built
1987
Term Remaining
±7.5 YRS
Type
Retail

Highlights

Available for Purchase Individually or as a Portfolio

  • Prime Location in Dense Retail Corridor – Situated within a high-traffic retail corridor near national tenants including Walmart, McDonald’s, Taco Bell, Starbucks (new construction), and Cracker Barrel, offering strong co-tenancy and consumer draw.
  • Below Market Rent Profile – Current rental rate is below recently executed local leases, providing near-term potential for rental rate adjustments.
  • Attractive Rent Per Square Foot – Current lease rate of $13.74 PSF offers a compelling entry point relative to market comparables.
  • Mid to Short-Term Leases with Rental Upside – Several leases across the portfolio feature kick-out provisions within two years, enabling ownership to re-lease at market rates and enhance revenue.
  • Annual Rental Increases – All leases include fixed annual increases of 1.50%, contributing to steady income growth.
  • Strong Rent-to-Sales Performance – This location reports a healthy rent-to-sales ratio of 5.22%, indicating tenant profitability and rent coverage.
  • Favorable Land Basis – Real estate is priced attractively relative to intrinsic land value, particularly if delivered unencumbered.
  • Generous Building Size – The property comprises a ±6,511 square foot building, providing operational flexibility and tenant retention appeal.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203