809 US Highway 60 E - Freestanding FOR SALE


Morganfield, KY 42437
$800,000 USD
408-510-9057
809 US Highway 60 E, Morganfield, KY for Sale
$800,000 USD
Freestanding - FOR SALE
1/3
null | 6% Cap Rate

809 US Highway 60 E
Morganfield, KY 42437


HIGHLIGHTS

  • Brand-New 15-Year Absolute NNN Lease Commencing at Close of Escrow
  • Zero Landlord Responsibilities With Four (4) Five-Year Renewal Options
  • Scheduled 10% Rent Increases Every 5 Years
  • Backed by a High Net Worth Personal Guaranty
  • Adjacent to Walmart Supercenter, Tractor Supply Co., and Dollar Tree
  • Positioned Along U.S. Highway 60 (±7,523 VPD), Morganfield's Primary Commercial Corridor

OVERVIEW

Marcus & Millichap is pleased to present a freestanding Subway drive-thru at 809 US 60 in Morganfield, Kentucky, available individually or as part of the nine-property Subway Kentucky Portfolio. The ±1,472-square-foot restaurant on ±0.24 acres will be operated under a brand-new 15-year absolute NNN lease commencing at close of escrow with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $48,000 delivers a 6.00% cap rate with scheduled 10% increases every five years. The lease is backed by a high net worth personal guaranty. The property is positioned along U.S. Highway 60 (±7,523 VPD), Morganfield's primary commercial corridor with direct regional connectivity to Henderson, Owensboro, and Evansville. The site sits adjacent to Walmart Supercenter, Tractor Supply Co., and Dollar Tree, supporting consistent daily traffic throughout the immediate trade area. The 10-mile trade area supports 10,667 residents with an average household income of $85,440, and the property falls within the Evansville MSA, a regional hub of approximately 273,000 residents with an average household income of $100,934. Subway operates approximately 37,000 locations globally, pairing enduring brand recognition with passive, long-term net-lease income.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Subway | New 15-Yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

Comm

APN/PARCEL ID

M3-32-01

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

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