Subway | New 15-Yr NNN w/ Personal Guaranty | Zero… — Sale in Owensboro, KY

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

Photos

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

We are pleased to present the opportunity to acquire a freestanding Subway located at 1210 Southtown Boulevard in Owensboro, Kentucky. The property will be secured by a brand-new 15-year NNN lease to commence at the close of escrow, with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $48,000 ($4,000/month) is offered at a 6.00% cap rate, with scheduled 10% rent increases every five years providing built-in income growth. The lease will be supported by a high net worth personal guaranty. The property is also available as part of a nine-property Subway Kentucky Portfolio totaling $7,700,000. The site fronts Southtown Boulevard (±11,160 VPD), one of Owensboro's primary commercial corridors, near Frederica Street (±17,110 VPD) and the Wendell Ford Expressway (±23,605 VPD). The 5-mile trade area holds 71,206 residents with an average household income of $91,860. Nearby drivers include Owensboro Health Regional Hospital, Owensboro Community & Technical College (4,875 students), Kentucky Wesleyan College (864 students), and Brescia University (700 students). The Owensboro MSA is home to approximately 116,500 residents. Subway operates approximately 37,000 locations in more than 100 countries, pairing global brand recognition with passive, long-term net-lease income. Investment Highlights: • New 15-Yr NNN Lease to Commence at Close of Escrow | Zero Landlord Responsibilities • Scheduled 10% Rent Increases Every 5 Years | Four 5-Year Renewal Options • High Net Worth Personal Guaranty • $48,000 Annual Base Rent at a 6.00% CAP • Frontage on Southtown Blvd (±11,160 VPD) Near Frederica St (±17,110 VPD) and Wendell Ford Expy (±23,605 VPD) • Near Owensboro Health Regional Hospital • Available Individually or as Part of a 9-Property, $7.7M Subway 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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