Investment Overview

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.