1525 Lexington AveWinchester, KY 40391
High-performing Applebee's, strong ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- $1,715,690 asking price for a 5,498 SF Applebee's restaurant in Winchester, KY.
- Absolute NNN lease with zero landlord responsibilities; ideal 1031 exchange property.
- 8.1 years remaining on the lease, with 10% rent increases every 5 years.
- 6.75% cap rate and $115,809 annual net operating income (NOI).
- Located less than half a mile from I-64 exit 94, with high visibility and strong co-tenancy.
- Situated on a 2.25-acre lot, offering long-term redevelopment potential.
Property Details for 1525 Lexington Ave
- Property type
- Retail properties, Restaurants
- Square Feet
- 5,498 SF
- Year Built
- 2003
- Buildings
- 1
- Lot Size (sq. ft)
- 98,010 SF
Location Insight
- City
- Winchester
- County
- Clark
- State
- Kentucky
- Latitude
- 38.0085071
- Longitude
- -84.2125737
Nearby Similar for Sale
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