Northmarq’s Josh Dicker, senior investment sales analyst, and Isaiah Harf, managing director, arranged the sale-leaseback of a 28,000-square-foot, cold storage and meat processing facility at 117 Masonic Drive in Princeton, Kentucky.
Dicker and Harf represented the seller, Porter Road Butcher, which executed a long-term triple net lease at the time of sale. The buyer, a California-based private investor, acquired the asset for $5 million.
Founded by two former chefs, Porter Road is a growing direct-to-consumer butcher service that sources their meat from local farms in Kentucky and Tennessee. The property was completely retrofitted in 2021 and converted to the state-of-the-art freezer/cooler and meat processing facility. Situated near multiple major highways, the facility is conveniently located an hour and 30 minutes from downtown Nashville and close to the company’s meat suppliers.
