Red Lobster NNN
For Sale
Contact for pricing
2550 Nicholasville Rd, Lexington, KY 40503
Operating restaurant asset subject to an absolute triple-net lease with scheduled increases and multiple renewal options.
Property Size8,426 SF
Lot Size2.01 Acres
Days on Market144
Property Features for 2550 Nicholasville Rd
General Information
Standard status
Active
Size
8,426 SF
Lot size
2.01 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 8:39PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
The property is a Red Lobster restaurant occupying approximately 8,426 rentable square feet on an estimated 2.01-acre parcel. The building is operated under an absolute triple-net lease, placing the property within the NNN investment category.
The lease began on December 17th, 2015, and includes a 25-year base term. Contractual rent increases of 2% are scheduled each year during the base term and continue through each of the 4, 5-year renewal options. The asset is located at 2550 Nicholasville Road in Lexington, Kentucky.
The lease began on December 17th, 2015, and includes a 25-year base term. Contractual rent increases of 2% are scheduled each year during the base term and continue through each of the 4, 5-year renewal options. The asset is located at 2550 Nicholasville Road in Lexington, Kentucky.
Key Highlights
- Red Lobster restaurant with approximately 8,426 rentable square feet
- Estimated 2.01‑acre parcel at 2550 Nicholasville Road
- 25‑year absolute triple‑net (NNN) lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,837
Businesses Nearby
598k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 22%
Apparel 14%
Electronics 9%
Chick-fil-A
Dining
53,399 visits/mo
0.1 miles
Trader Joe's
Groceries
46,788 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
41,053 visits/mo
0.2 miles
Best Buy
Electronics
40,032 visits/mo
0.4 miles
Five Below
Shops & Services
39,156 visits/mo
0.5 miles
Demographics for 40503, KY
28,073
Population
13,437
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,190
Density / Sq Mi
$74,161
Median Household Income
$43,061
Median Earnings
$1,110
Median Rent
$280,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Operating restaurant asset subject to an absolute triple-net lease with scheduled increases and multiple renewal options.
Where is this nnn property located?
The property is located at 2550 Nicholasville Rd Lexington, KY.
What are key features of this property?
This property features: Red Lobster restaurant with approximately 8,426 rentable square feet; Estimated 2.01‑acre parcel at 2550 Nicholasville Road; 25‑year absolute triple‑net (NNN) lease
