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

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Henderson, KY 42420

Photos

Subway | New 15-Yr Abs NNN | HNW Personal Guaranty |… — Sale in Henderson, KY, photo 1 of 3
Subway | New 15-Yr Abs NNN | HNW Personal Guaranty |… — Sale in Henderson, KY, photo 2 of 3
Subway | New 15-Yr Abs NNN | HNW Personal Guaranty |… — Sale in Henderson, 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 1725 South Green Street in Henderson, Kentucky, available individually or as part of the nine-property Subway Kentucky Portfolio. The ±1,956-square-foot restaurant on ±0.74 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 $54,000 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 South Green Street / U.S. Highway 60 (±19,168 VPD), a primary commercial corridor with direct connectivity to U.S. Route 41 and Interstate 69. Corridor neighbors include Walgreens, Dollar General, O'Reilly Auto Parts, and Advance Auto Parts. The 5-mile trade area supports 27,837 residents with an average household income of $71,558, and the site benefits from proximity to Deaconess Henderson Hospital and Henderson High School (1,930 students). Henderson anchors a micro MSA of approximately 57,000 residents just 11 miles from the Evansville metro area, and 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 • Positioned Along S Green St / US Hwy 60 (±19,168 VPD) With Direct Access to US 41 and I-69 • Henderson MSA, ±57,000 Residents, 11 Miles From the Evansville Metro Area • Available Individually or as Part of the Nine-Property Subway Kentucky Portfolio

Market Context

This food service in Henderson, 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 Henderson, KY — view the full market.

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