703 Salem Dr - Freestanding FOR SALE


Owensboro, KY 42303
$527,710 USD
270-926-1101
703 Salem Dr, Owensboro, KY for Sale
$527,710 USD
Freestanding - FOR SALE
1/9
null | 7.25% Cap Rate

703 Salem Dr
Owensboro, KY 42303


HIGHLIGHTS

  • National Credit Tenant: Enterprise Rent-A-Car
  • Tenant Since 2001 - just renewed for another 5 years
  • Brand New Roof: Major capital improvement just completed, reducing near-term CapEx to nearly zero.
  • Long-Term Income Security: Enterprise’s location strategy and renewal options support stable occupancy and predictable cash flow.
  • NN Structure Benefits: Tenant pays real estate taxes, insurance premiums, and personal property taxes—minimizing landlord expenses.
  • Prime Corner Location: High-visibility site on Frederica Street at the Highway 60 Bypass, ideal for automotive service demand.

OVERVIEW

This single-tenant Enterprise Rent-A-Car location offers investors a rare opportunity to own a high-visibility automotive service site backed by one of the most financially stable brands in the country. Located at the prominent corner of Frederica Street and the Highway 60 Bypass, the property delivers strong daily traffic counts, easy access, and the exact positioning Enterprise prefers for its neighborhood rental branches. With Enterprise responsible for taxes, insurance, personal property tax, and much of the operational upkeep, the asset functions as a low-maintenance, dependable income generator. A newly installed roof further enhances the property’s stability by eliminating a major future expense. Investors looking for reliable cash flow, tax advantages, and long-term appreciation will find this asset compelling. Enterprise has a well-documented history of renewing and occupying strategic sites for extended periods, and this location is no exception. The combination of durable tenancy, minimal landlord obligations, and strong underlying land value makes this property an attractive addition to any portfolio seeking stable returns, depreciation benefits, and long-term wealth creation.

FOR SALE DETAILS

PRICE

$527,710 USD

PRICE/SF

$381 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Enterprise Rent-A-Car

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,801 SF

ZONING

B-4

APN/PARCEL ID

003-12-27-047-00-000

ASK ABOUT THIS PROPERTY

Bo BarronBarron Commercial GroupMore Info
270-926-1101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Bo BarronBarron Commercial GroupMore Info
270-926-1101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.