3990 Hinkleville Rd - Restaurant FOR SALE


Paducah, KY 42001
$2,700,000 USD
305-783-8890
3990 Hinkleville Rd, Paducah, KY for Sale
$2,700,000 USD
Restaurant - FOR SALE
1/6
null | 7.56% Cap Rate

3990 Hinkleville Rd
Paducah, KY 42001


OVERVIEW

Current Real Estate Advisors is pleased to present the opportunity to acquire Applebee’s – Paducah, KY (the “Property”), a freestanding ±5,058 SF single-tenant building located on a 1.49 Acre lot in Paducah, KY. In November 2024, Applebee’s Corporate assumed operations and executed a brand-new Absolute NNN 10-year lease, underscoring their confidence in the location and its strong performance. The lease is secured by a corporate guaranty from Applebee’s International, Inc., offering zero landlord responsibilities and featuring 2, 5-Year renewal options with 10% rent escalations at each renewal. Additionally, the lease includes a Percentage Rent provision beginning in Year 3, providing potential for substantially enhanced returns (See Page 5 for details). This rare Applebee’s Corporate backed location represents a compelling opportunity for investors seeking stable, reliable cash flow from a well-established, publicly traded tenant. With strong real estate fundamentals, this offering provides immediate security and a rare prospect for meaningful future upside.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$534 USD /SF

CAP RATE

7.56%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

Highway Business Zone

APN/PARCEL ID

086-00-00-011.01

ASK ABOUT THIS PROPERTY

Alejandro SnyderCurrent Real Estate AdvisorsMore Info
305-783-8890

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Alejandro SnyderCurrent Real Estate AdvisorsMore Info
305-783-8890

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