4717 Dixie Hwy
Louisville, KY 40216
Applebee's · Retail Property For Sale

Marcus & Millichap is pleased to offer for purchase, a freestanding 4,371 +/- square foot Applebee' s Neighborhood Grill and Bar strategically located along heavily traveled Dixie Highway in Louisville, Jefferson County, Kentucky. The subject property is situated on a 1.23 +/- acres parcel in Louisville Kentucky, the largest city in Kentucky and the 30th largest city in the nation. This investment is accompanied by a franchisee guarantee from Green Apple, LLC, which is a subsidiary of Apple Gold Group. There are 9 years remaining on the initial term of the lease with four (4), 5 year renewal options. In addition, the rent escalates by 8% in 2020 and in each renewal option. The franchisee is Apple Gold Group and is one of the original five Applebee's Franchisees operating over 130 restaurants across 7 states, making it the largest franchised restaurant operator in the country. Applebee' s is located within a dense residential corridor supported by several nearby national retailers. In 2015, there is estimated to be 92,077 +/- and 192,424 +/- people, respectfully, within a 3 and 5-mile radius of the property. In addition, the 2015 estimated number of households within a 5-Mile radius is 77,498 +/-. Applebee' s benefits from an ideal location on Dixie Highway with traffic counts of over 58,000 daily and surrounding retail such as Walmart, The Home Depot, Lowes, Kroger, Dillard' s, McDonald' s, Rite Aid, Staples, and Chick-fil-A.