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

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Morganfield, KY 42437

Photos

Subway | New 15-Yr Abs NNN | HNW Personal Guaranty |… — Sale in Morganfield, KY, photo 1 of 3
Subway | New 15-Yr Abs NNN | HNW Personal Guaranty |… — Sale in Morganfield, KY, photo 2 of 3
Subway | New 15-Yr Abs NNN | HNW Personal Guaranty |… — Sale in Morganfield, 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 809 US 60 in Morganfield, Kentucky, available individually or as part of the nine-property Subway Kentucky Portfolio. The ±1,472-square-foot restaurant on ±0.24 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 U.S. Highway 60 (±7,523 VPD), Morganfield's primary commercial corridor with direct regional connectivity to Henderson, Owensboro, and Evansville. The site sits adjacent to Walmart Supercenter, Tractor Supply Co., and DollarTree, supporting consistent daily traffic throughout the immediate trade area. The 10-mile trade area supports 10,667 residents with an average household income of $85,440, and the property falls within the Evansville MSA, a regional hub of approximately 273,000 residents with an average household income of $100,934. Subway operates approximately 37,000 locations globally, pairing enduring brand recognition 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 • Adjacent to Walmart Supercenter, Tractor Supply Co., and Dollar Tree • Positioned Along U.S. Highway 60 (±7,523 VPD), Morganfield's Primary Commercial Corridor • Available Individually or as Part of the Nine-Property Subway Kentucky Portfolio

Market Context

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

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