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Restaurant

Absolute NNN Applebee's in Prime Location

4717 Dixie Hwy, Louisville, KY 40216

Listing Price: $2,277,250

Cap Rate
5.85%
Tenant Name
Applebee's
Years Remaining On Lease
19.0
Guarantor
Franchisee Guarantee
Rentable SF
4,371
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.48

Investment Overview

Subject is an Applebee’s with a Total of 4,371 Square Feet of Leasable Space. Uniquely, There are Nineteen Years Left on this Absolute NNN Lease with Zero Landlord Responsibilities and Four Five-Year Options. 1.5% Yearly Rent Escalations Ensure Long-Term Cash Flow

Investment Highlights

  • Successful Applebee's Operator of Fourty Plus Units, Experienced Operator Ensures Safety and Security of Brand Operations
  • Location, Location: This Asset Offers Everything an Investor May Want from a Long Term Triple Net, Income Stream from Investment Grade Tenant, in Highly Desirable Retail Corridor
  • Subject is Close to Major Attractions, Including Three Miles Southwest of Churchill Downs, Home of the Kentucky Derby, and Four miles Southwest of the University of Louisville

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Restaurant

Absolute NNN Applebee's in Prime Location

Listing Price: $2,277,250

Cap Rate
5.85%
Tenant Name
Applebee's
Years Remaining On Lease
19.0
Guarantor
Franchisee Guarantee
Rentable SF
4,371
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.48

Investment Highlights

  • Successful Applebee's Operator of Fourty Plus Units, Experienced Operator Ensures Safety and Security of Brand Operations
  • Location, Location: This Asset Offers Everything an Investor May Want from a Long Term Triple Net, Income Stream from Investment Grade Tenant, in Highly Desirable Retail Corridor
  • Subject is Close to Major Attractions, Including Three Miles Southwest of Churchill Downs, Home of the Kentucky Derby, and Four miles Southwest of the University of Louisville

Investment Overview

Subject is an Applebee’s with a Total of 4,371 Square Feet of Leasable Space. Uniquely, There are Nineteen Years Left on this Absolute NNN Lease with Zero Landlord Responsibilities and Four Five-Year Options. 1.5% Yearly Rent Escalations Ensure Long-Term Cash Flow

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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