Restaurant
Applebee's | Louisville
4717 Dixie Highway, Louisville, KY 40216
Listing Price: $1,810,000
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.
Applebee's | Louisville
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
Broker of Record
Listing Price: $1,810,000
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
Broker of Record
