Lexington Retail for Sale - West Lexington/Fayette
Single Tenant Net Leased Investment Opportunity occupied by Sedona Tap House. The property is situated within the Palomar Centre shopping area, a thriving retail and residential hub on Harrodsburg Road. A casual, family-friendly restaurant specializing in Southwest-inspired cuisine, steaks, and seafood. It is highly regarded for its extensive craft beer selection - one of the largest in the community - and features a contemporary atmosphere with a fireplace and outdoor seating.
Corporate Background: Sedona Taphouse is owned by DJB Hospitality LLC, founded by veteran restaurateur Dennis Barbaro. The company, which operates 16 locations, was established in 2011 to provide high-quality craft beer, wine, and food. Sedona Taphouse is known for its Southwest-inspired, scratch-made food, a large selection of craft beers, and a commitment to local community support.
-Parent Company: Owned and operated by DJB Hospitality, which also manages the NAPA Kitchen & Wine concept-in 2020, DJB Hospitality described itself as a $50M business
-Growth & Recognition: Sedona Taphouse has been named to the Inc. 5000 list of America’s fastest-growing private companies for5 consecutive years, as of late 2024.
-Long-Term NNN Lease: One-and-a-half years remaining on the primary lease term, plus four five-year tenant options.
-Completely passive NNN investment – ZERO landlord responsibilities.
-Attractive 8% increases every 5 years in the Primary and Option Terms.
Palomar Shopping Area: Subject property is located in the same shopping area shadow anchored by Walmart and Publix. Other trade area retailers include Chase, Bank of America, Traditional Bank, Panera, McDonalds, Qdoba , Starbucks, CHI Saint Joseph Health Care.
-High traffic: US 68 cross Harrodsburg Road - 31,820 CPD. Harrodsburg Rd cross Man O’ War Blvd - 31,626 CPD
