Tiktin Real Estate Investment Services is pleased to present this Applebee’s restaurant located at 1220 Paris Road in Mayfield, Kentucky. The restaurant was built in 2013 and has operated as an Applebee’s since being constructed. This 4,964 SF building sits on a 1.5 acre lot. At the close of escrow, the seller will sign a 15 year Triple Net (NNN) lease. The lease will provide for zero landlord responsibilities, 10 percent increases every 5 years and four, 5-year options. Annual rent will be initially set at $91,150 per year.
This property offers direct frontage, signage, and access along Paris Road (Kentucky SR 121) which experiences daily traffic counts in excess of 10,000 vehicles per day. Additionally, this Applebee’s is located just under 4 miles from the on ramp to I-69 which travels from Toronto to the Kentucky/Tennessee border. This newly constructed Applebee’s is surrounded by national retailers including Walmart, CVS, Dollar General, Big Lots, & McDonald’s. This Applebee’s is an outparcel to a newly constructed Lowe's and directly across the street from a newly constructed Walmart Supercenter.