1525 Lexington Ave Winchester, KY 40391
High-performing Applebee's, strong ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
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
FAQs
- What type of property is this?
- Retail property - High-performing Applebee's, strong ROI.
- Where is the retail property located?
- The property is located at 1525 Lexington Ave Winchester, KY.
- What is the asking price?
- The asking price for this property is $1,715,690.
- What are key features of this property?
- This property features: $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.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].