5120 Frederica St | Owensboro, KY 42301
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
5120 Frederica St
Owensboro, KY 42301
Applebee's | 10+ Years | 7.26% CAP | 36K VPD · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- BELOW MARKET RENT Applebee’s Rent is only $158,186 or $29.05/SF; much lower than comparable Applebee’s sites with similar population and traffic.
- LONG TERM LEASE Applebee’s Lease runs another 10+ years through 10/31/33. An Investor will recapture over 80% of their purchase price by term end.
- PRIME LOCATION (36K+ VPD) AT SIGNALIZED INTERSECTION Conveniently sits at the entrance of the Towne Square Mall.
- OVER 30 YEARS OF OCCUPANCY | HIGH PERFORMANCE STORE 6.1% Rent to Sales ($2.6M in Sales) 2022 Store Sales were 25% above National Store Average.
- NO LANDLORD RESPONSIBILTIES | ABSOLUTE NNN LEASE Tenant pays for all possible expenses including property taxes, insurance, roof, HVAC, foundation/s
- ANNUAL RENT INCREASES The Lease provides for annual 1.5% increases through primary term and options.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,445 SF
Building Class
C
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.43 AC
Zoning
3-Comm
Parking
120 Spaces (22.04 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 004-30-01-006-E0-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,280,000 |
PROPERTY TAXES
Parcel Number
004-30-01-006-E0-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,280,000
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
