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Subway w/ Drive Thru | 15yr NNN 2525 US Highway 41 N 1,947 SF Retail Building Henderson, KY 42420 $1,000,000 ($513.61/SF) 6% Cap Rate
Investment Highlights
- Part of a 9-Property Subway Portfolio Across Henderson, Owensboro, and Morganfield, KY, Available Together or Individually
- Backed by a High Net Worth Personal Guaranty for Added Credit Security
- Freestanding Subway Drive-Thru, High-Quality 2009 Construction on ±0.55 Acres
- New 15-Year Absolute NNN Lease Commencing at Close of Escrow w/ Zero Landlord Responsibilities
- 10% Rent Increases Every 5 Years Plus Four (4) Five-Year Renewal Options for Up to 20 Additional Years
- Positioned Along U.S. 41 (±41,000 VPD) Near Walmart Supercenter, National Retailers, and the Henderson City-County Airport
Executive Summary
Marcus & Millichap is pleased to present a freestanding Subway drive-thru located along the U.S. 41 corridor at 2525 North Highway 41 in Henderson, Kentucky, one of the area's most active commercial and commuter routes carrying approximately 41,000 vehicles per day. The property will be secured by a brand-new 15-year absolute NNN lease commencing at close of escrow, offering investors zero landlord responsibilities and fully passive income backed by a High Net Worth Personal Guaranty.
The ±1,947 SF building sits on a ±0.55 acre lot with excellent visibility, dedicated parking, and a drive-thru positioned to capture consistent quick-service traffic. Located near a Walmart Supercenter, national retailers, dining concepts, and the Henderson City-County Airport, the site draws from a stable base of local residents, workforce population, and regional travelers. With scheduled 10% rent increases every five years, four five-year renewal options, and the backing of one of the world's most recognized QSR brands, this offering provides predictable long-term cash flow in a growing western Kentucky riverfront market.
The ±1,947 SF building sits on a ±0.55 acre lot with excellent visibility, dedicated parking, and a drive-thru positioned to capture consistent quick-service traffic. Located near a Walmart Supercenter, national retailers, dining concepts, and the Henderson City-County Airport, the site draws from a stable base of local residents, workforce population, and regional travelers. With scheduled 10% rent increases every five years, four five-year renewal options, and the backing of one of the world's most recognized QSR brands, this offering provides predictable long-term cash flow in a growing western Kentucky riverfront market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,947 SF
Building Class
C
Year Built
1977
Price
$1,000,000
Price Per SF
$513.61
Cap Rate
6%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.55 AC
Zoning
COMMERCIAL
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 55B-163 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $571,000 |
Property Taxes
Parcel Number
55B-163
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$571,000
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Subway w/ Drive Thru | 15yr NNN | 2525 US Highway 41 N
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