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530 US Highway 62 W
Princeton, KY 42445
Taco John's - Absolute NNN Lease · Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- Absolute NNN Lease: Tenant is responsible for taxes, insurance, maintenance, repairs, roof, foundation, and structural elements.
- Long-Term Lease: Initial lease term runs through December 20, 2036, followed by four 5-year renewal options.
- Strong Location-Level Traffic: Placer.ai ranks the location in the 88th percentile within Kentucky and #2 among Taco John’s locations in Kentucky by f
- Annual Rent Growth: Minimum rent increases 1.5% every year throughout the initial term and all renewal option periods.
- Experienced Multi-Unit Franchisee: Operator is affiliated with a 20+ unit Taco John’s franchise platform spanning eight states.
- Freestanding Drive-Thru QSR: 2,100 SF restaurant on 0.41 acres with 25 parking spaces.
Résumé de l'annonce
Taco John’s occupies a freestanding 2,100 SF drive-thru restaurant on 0.41 acres along U.S. Highway 62, Princeton’s primary commercial corridor. The property is offered at a 6.0% cap rate with current annual rent of approximately $111,443.
The lease provides investors with a long-term, passive ownership structure, including annual 1.5% rent increases, four 5-year renewal options, and an Absolute NNN structure under which the tenant is responsible for taxes, insurance, maintenance, repairs, roof, foundation, and structural elements.
The Princeton location is operated by Princeton Hospitality TN, LLC, part of an experienced multi-unit Taco John’s franchise platform operating 20+ restaurants across eight states. Lease obligations are further supported by joint-and-several personal guaranties from the tenant’s two principals.
The location also demonstrates strong operating traffic. Based on Placer.ai data for May 1, 2025 through April 30, 2026, the restaurant ranked in the 79th percentile nationally among Taco John’s locations, the 88th percentile within Kentucky, and #2 in Kentucky by foot traffic.
The property benefits from prominent visibility and drive-thru access along U.S. Highway 62 within Princeton’s primary retail node, near Kroger, Tractor Supply, Sonic, Dunkin’, O’Reilly Auto Parts, Advance Auto Parts, and other established retail and service users.
The lease provides investors with a long-term, passive ownership structure, including annual 1.5% rent increases, four 5-year renewal options, and an Absolute NNN structure under which the tenant is responsible for taxes, insurance, maintenance, repairs, roof, foundation, and structural elements.
The Princeton location is operated by Princeton Hospitality TN, LLC, part of an experienced multi-unit Taco John’s franchise platform operating 20+ restaurants across eight states. Lease obligations are further supported by joint-and-several personal guaranties from the tenant’s two principals.
The location also demonstrates strong operating traffic. Based on Placer.ai data for May 1, 2025 through April 30, 2026, the restaurant ranked in the 79th percentile nationally among Taco John’s locations, the 88th percentile within Kentucky, and #2 in Kentucky by foot traffic.
The property benefits from prominent visibility and drive-thru access along U.S. Highway 62 within Princeton’s primary retail node, near Kroger, Tractor Supply, Sonic, Dunkin’, O’Reilly Auto Parts, Advance Auto Parts, and other established retail and service users.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Taille du bâtiment
2 100 pi²
Année de construction
2003
Prix
2 569 345 $ CAD
Prix par pi²
1 223,50 $ CAD
Taux de capitalisation
6%
Revenu net d’exploitation
154 193 $ CAD
Pourcentage loué
100%
Hauteur du bâtiment
1 étage
Zonage
“B-3” Highway Business
Stationnement
25 places (11,9 places par 1 000 pi² loué)
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