Subway | New 15-Yr Abs NNN | HNW Personal Guaranty |… — Sale in Owensboro, KY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Owensboro, KY 42301

Photos

Subway | New 15-Yr Abs NNN | HNW Personal Guaranty |… — Sale in Owensboro, KY, photo 1 of 3
Subway | New 15-Yr Abs NNN | HNW Personal Guaranty |… — Sale in Owensboro, KY, photo 2 of 3
Subway | New 15-Yr Abs NNN | HNW Personal Guaranty |… — Sale in Owensboro, KY, photo 3 of 3

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present a freestanding Subway drive-thru at 3119 Frederica Street in Owensboro, Kentucky, available individually or as part of the nine-property Subway Kentucky Portfolio. The ±1,302-square-foot restaurant on ±0.30 acres will be operated under a brand-new 15-year absolute NNN lease commencing at close of escrow with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $48,000 delivers a 6.00% cap rate with scheduled 10% increases every five years. The lease is backed by a high net worth personal guaranty. The property is positioned along Frederica Street (±21,195 VPD), Owensboro's primary north-south commercial corridor, surrounded by Walmart, Target, Lowe's, Best Buy, TJ Maxx, Hobby Lobby, and Kroger. The 5-mile trade area supports 76,779 residents with an average household income of $89,036, and the site benefits from proximity to Kentucky Wesleyan College (864 students), Brescia University (700 students), and Owensboro Community and Technical College (4,875 students). Owensboro anchors a metro population of approximately 114,000 with a stable economic base driven by healthcare, manufacturing, and financial services. Subway operates approximately 37,000 locations globally, pairing enduring brand strength with passive, long-term net-lease income. Investment Highlights: • Brand-New 15-Year Absolute NNN Lease Commencing at Close of Escrow • Zero Landlord Responsibilities With Four (4) Five-Year Renewal Options • Scheduled 10% Rent Increases Every 5 Years • Backed by a High Net Worth Personal Guaranty • Freestanding Drive-Thru Along Frederica Street (±21,195 VPD) • 5-Mile Population of 76,779 With $89,036 Average Household Income • Surrounded by Walmart, Target, Lowe's, Best Buy, TJ Maxx, and Hobby Lobby • Available Individually or as Part of the Nine-Property Subway Kentucky Portfolio

Market Context

This food service in Owensboro, KY is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Owensboro, KY — view the full market.

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