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1725 S Green St
Henderson, KY 42420
Subway | New 15-Yr Abs NNN · Retail Property For Sale
Investment Highlights
- Brand-New 15-Year Absolute NNN Lease Commencing at Close of Escrow
- Scheduled 10% Rent Increases Every 5 Years
- Positioned Along S Green St / US Hwy 60 (±19,168 VPD) With Direct Access to US 41 and I-69
- Zero Landlord Responsibilities With Four (4) Five-Year Renewal Options
- Backed by a High Net Worth Personal Guaranty
- Available Individually or as Part of the Nine-Property Subway Kentucky Portfolio
Executive Summary
Marcus & Millichap is pleased to present a freestanding Subway drive-thru at 1725 South Green Street in Henderson, Kentucky, available individually or as part of the nine-property Subway Kentucky Portfolio. The ±1,956-square-foot restaurant on ±0.74 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 $54,000 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 South Green Street / U.S. Highway 60 (±19,168 VPD), a primary commercial corridor with direct connectivity to U.S. Route 41 and Interstate 69. Corridor neighbors include Walgreens, Dollar General, O'Reilly Auto Parts, and Advance Auto Parts. The 5-mile trade area supports 27,837 residents with an average household income of $71,558, and the site benefits from proximity to Deaconess Henderson Hospital and Henderson High School (1,930 students). Henderson anchors a micro MSA of approximately 57,000 residents just 11 miles from the Evansville metro area, and Subway operates approximately 37,000 locations globally, pairing enduring brand strength with passive, long-term net-lease income.
The property is positioned along South Green Street / U.S. Highway 60 (±19,168 VPD), a primary commercial corridor with direct connectivity to U.S. Route 41 and Interstate 69. Corridor neighbors include Walgreens, Dollar General, O'Reilly Auto Parts, and Advance Auto Parts. The 5-mile trade area supports 27,837 residents with an average household income of $71,558, and the site benefits from proximity to Deaconess Henderson Hospital and Henderson High School (1,930 students). Henderson anchors a micro MSA of approximately 57,000 residents just 11 miles from the Evansville metro area, and Subway operates approximately 37,000 locations globally, pairing enduring brand strength with passive, long-term net-lease income.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,956 SF
Building Class
B
Year Built
1995
Price
$900,000
Price Per SF
$460.12
Cap Rate
6%
NOI
$54,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
Z01
Frontage
300’ on Green St
Property Taxes
| Parcel Number | 46A-33 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $280,000 |
Property Taxes
Parcel Number
46A-33
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$280,000
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