3007 Highway 144
Owensboro, KY 42303
Subway | New 15-Yr Abs NNN | Owensboro, KY · Retail Property For Sale

Marcus & Millichap is pleased to present a freestanding Subway drive-thru at 3007 East Highway 60 in Owensboro, Kentucky, available individually or as part of the nine-property Subway Kentucky Portfolio. The ±2,212-square-foot restaurant on ±0.55 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 $42,000 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 U.S. Route 60 near East 4th Street / KY 144 (±15,873 VPD), an active east-side commercial corridor with corridor neighbors including Kroger, Rural King, Dollar Tree, and Dairy Queen. The 5-mile trade area supports 68,143 residents with an average household income of $89,300, and the site benefits from proximity to Owensboro Health Regional Hospital, Kentucky Wesleyan College (864 students), Brescia University (700 students), and Owensboro Community and Technical College (4,875 students). Owensboro anchors a metro population of approximately 114,000 with a stable economic base driven by healthcare, manufacturing, and financial services. Subway operates approximately 37,000 locations globally, pairing enduring brand strength with passive, long-term net-lease income.