710 Chestnut St, Berea, KY 40403

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.