Absolute NNN Restaurant
For Sale
$2,750,000
1761 Sharkey Way, Lexington, KY 40511
Established restaurant tenancy with an absolute net lease structure and tenant-funded improvements.
Property Size5,138 SF
Days on Market9
Property Features for 1761 Sharkey Way
General Information
Standard status
Active
Size
5,138 SF
Property subtype
Street Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
5,138 SF
Year Built
2004
Listing Agency:
Encore Real Estate Investment Services
(248) 866-4977
Listed By:
Michael Gaggo · License #6501381426
(248) 866-4977
Source:
Thebrokerlist
Added: Aug 14
Changed: Aug 22
Last Checked: Aug 22 at 3:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This 2004-built restaurant property is occupied by Applebee’s under an absolute net lease. The structure places responsibility for taxes, insurance, CAM, roof, and structural matters with the tenant. The initial lease term has more than 20 years remaining, and the tenant has recently extended its lease while funding renovations and improvements at the property.
The location is at 1761 Sharkey Way in Lexington, Kentucky, with immediate access to New Circle Road (KY-4) and Leestown Road (US-421). New Circle Road carries approximately 76,000 vehicles per day, while Leestown Road carries approximately 30,000 vehicles per day. The property is within Townley Center Shoppes and near Kroger, Starbucks, Taco Bell, Wendy’s, Walgreens, and Zaxby’s.
The restaurant is operated by RMH under Sun Holdings, an established restaurant operator with approximately 131 locations. More than 170,760 people reside within five miles of the property.
The location is at 1761 Sharkey Way in Lexington, Kentucky, with immediate access to New Circle Road (KY-4) and Leestown Road (US-421). New Circle Road carries approximately 76,000 vehicles per day, while Leestown Road carries approximately 30,000 vehicles per day. The property is within Townley Center Shoppes and near Kroger, Starbucks, Taco Bell, Wendy’s, Walgreens, and Zaxby’s.
The restaurant is operated by RMH under Sun Holdings, an established restaurant operator with approximately 131 locations. More than 170,760 people reside within five miles of the property.
Key Highlights
- Absolute net lease with more than 20+ years remaining on the initial term
- Tenant responsible for taxes, insurance, CAM, roof, and structure
- Applebee’s restaurant operated by RMH under Sun Holdings
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
229k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 22%
Groceries 18%
Apparel 4%
Kroger
Groceries
42,179 visits/mo
0.2 miles
McDonald's
Dining
19,682 visits/mo
0.2 miles
Drake's
Dining
16,348 visits/mo
0.1 miles
Wendy's
Dining
15,653 visits/mo
0.1 miles
Kroger Fuel Center
Shops & Services
13,727 visits/mo
0.2 miles
Demographics for 40511, KY
36,146
Population
14,963
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
89%
High-School Grad
86.0 sq mi
ZIP Area
420
Density / Sq Mi
$77,476
Median Household Income
$43,416
Median Earnings
$1,159
Median Rent
$233,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Established restaurant tenancy with an absolute net lease structure and tenant-funded improvements.
Where is this nnn property located?
The property is located at 1761 Sharkey Way Lexington, KY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Absolute net lease with more than 20+ years remaining on the initial term; Tenant responsible for taxes, insurance, CAM, roof, and structure; Applebee’s restaurant operated by RMH under Sun Holdings
