Restaurant

Applebee's | Louisville

4717 Dixie Highway, Louisville, KY 40216

Listing Price: $1,944,444

Cap Rate
6.75%
Tenant Name
Applebee's
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
4,594
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.76

Investment Overview

Marcus & Millichap is pleased to offer for sale a profitable and well operated Applebee’s Franchisee sale leaseback opportunity located in Louisville, KY. This restaurant is located in along the main retail corridor of Louisville along Dixie Highway along with neighboring a well performing ZIPS Express Car Wash, Rite Aid, McDonalds, Taco Bell, Dunkin Donuts, and several other top performing tenants. Ownership includes building and land; thus, ownership has ability for taxable deposition on the asset and management free income. This location is just off Dixie Highway which has approx. 58,368 cars per day.

Investment Highlights

  • 20 Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.50% Annually
  • Four (4) Tenant Renewals Periods of Five (5) Years Each
  • Guaranteed against Regional Applebee's Franchisee of 25+ Units
  • Traffic Exceeding: 58,000 Cars Per Day
  • Neighboring Tenants: ZIPS Express Car Wash, Rite Aid, McDonalds, Taco Bell, Dunkin Donuts, and several others.

Exclusively Listed By

  • Neil Naran

    Associate

    Email Neil

    License(s): CA: 02025512

    Newport Beach

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

Listing Price: $1,944,444

Cap Rate
6.75%
Tenant Name
Applebee's
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
4,594
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.76

Investment Highlights

  • 20 Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.50% Annually
  • Four (4) Tenant Renewals Periods of Five (5) Years Each
  • Guaranteed against Regional Applebee's Franchisee of 25+ Units
  • Traffic Exceeding: 58,000 Cars Per Day
  • Neighboring Tenants: ZIPS Express Car Wash, Rite Aid, McDonalds, Taco Bell, Dunkin Donuts, and several others.

Investment Overview

Marcus & Millichap is pleased to offer for sale a profitable and well operated Applebee’s Franchisee sale leaseback opportunity located in Louisville, KY. This restaurant is located in along the main retail corridor of Louisville along Dixie Highway along with neighboring a well performing ZIPS Express Car Wash, Rite Aid, McDonalds, Taco Bell, Dunkin Donuts, and several other top performing tenants. Ownership includes building and land; thus, ownership has ability for taxable deposition on the asset and management free income. This location is just off Dixie Highway which has approx. 58,368 cars per day.

Exclusively Listed By

  • Neil Naran

    Associate

    Email Neil

    License(s): CA: 02025512

    Newport Beach

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

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