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APPLEBEE'S
(LOUISVILLE, KY)
APPLEBEE'S (LOUISVILLE, KY)
4717 Dixie Highway
Louisville, KY 40216

Price: $1,810,000

CAP Rate: 7.25% 

Leasable Area: 4,371 SF

Status: Sold
Lease Type: Absolute Triple Net (NNN)
Lease Term Remaining: 20 Years from COE
Guarantee: Franchisee (***Ask Broker for Details)
NOI: $131,287 / Year
INVESTMENT HIGHLIGHTS
  • 20 Year Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities | Management Free Real Estate Income deal for 1031 Exchange Buyer 
  • Attractive Annual Increases | Lease Structure allows for annual increases in rent by 1.5%
  • Four (4) Tenant Renewal Periods of Five (5) Years Each
  • Successful Applebee's Operator of 40+ Units | Experienced Operator ensures safety and security of the operations of the 
  • Traffic Exceeding: 58,000 Cars Per Day (VPD) 
  • Surrounding Nationally Recognized Neighboring Tenants | ZIPS Express Car Wash, Rite Aid, McDonalds, Taco Bell, Dunkin Donuts, and Several Others. 

Lead Agent: 

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Neil Naran

Phone:  (909) 456-3476

Mobile: (949) 842-9202

Email: Neil.Naran@Marcusmillichap.com

Lic. # 02025512

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