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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
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20 Year Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities | Management Free Real Estate Income deal for 1031 Exchange Buyer
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Attractive Annual Increases | Lease Structure allows for annual increases in rent by 1.5%
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Four (4) Tenant Renewal Periods of Five (5) Years Each
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Successful Applebee's Operator of 40+ Units | Experienced Operator ensures safety and security of the operations of the
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Traffic Exceeding: 58,000 Cars Per Day (VPD)
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Surrounding Nationally Recognized Neighboring Tenants | ZIPS Express Car Wash, Rite Aid, McDonalds, Taco Bell, Dunkin Donuts, and Several Others.
Lead Agent:
Neil Naran
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