1525 W Lexington Ave - Restaurant FOR SALE


Winchester, KY 40391
$1,597,000 USD
917-336-9067
1525 W Lexington Ave, Winchester, KY for Sale
$1,597,000 USD
Restaurant - FOR SALE
1/10
null | 7.25% Cap Rate

1525 W Lexington Ave
Winchester, KY 40391


HIGHLIGHTS

  • 8 Years Remaining | Options To Extend | Zero Landlord Responsibilities | Scheduled Rental Increases
  • Signalized, Hard Corner Intersection | Excellent Visibility |Multiple Nearby Apartment Complexes | Centralized Location
  • Strong Demographics In 5-Mile Trade Area | Direct Consumer Base
  • Strong National/Credit Tenants | Dense Retail Corridor | Kroger Plaza (132,000 SF Neighborhood Center)

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Applebee’s investment property located in Winchester, Kentucky. The tenant, Applebee’s has over 8 years of term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,597,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's | 8yrs Remain Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

B-2

APN/PARCEL ID

042-0000-03002

ASK ABOUT THIS PROPERTY

Nick SantagataSRS National Net LeaseMore Info
917-336-9067

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Nick SantagataSRS National Net LeaseMore Info
917-336-9067

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.