Applebee's | 3990 Hinkleville Rd
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Applebee's 3990 Hinkleville Rd
5,058 SF Retail Building Paducah, KY 42001 $2,700,000 ($534/SF) 7.56% Cap Rate
Executive Summary
Current Real Estate Advisors is pleased to present the opportunity to acquire Applebee’s – Paducah, KY (the “Property”), a freestanding ±5,058 SF single-tenant building located on a 1.49 Acre lot in Paducah, KY.
In November 2024, Applebee’s Corporate assumed operations and executed a brand-new Absolute NNN 10-year lease, underscoring their confidence in the location and its strong performance.
The lease is secured by a corporate guaranty from Applebee’s International, Inc., offering zero landlord responsibilities and featuring 2, 5-Year renewal options with 10% rent escalations at each renewal. Additionally, the lease includes a Percentage Rent provision beginning in Year 3, providing potential for substantially enhanced returns (See Page 5 for details).
This rare Applebee’s Corporate backed location represents a compelling opportunity for investors seeking stable, reliable cash flow from a well-established, publicly traded tenant. With strong real estate fundamentals, this offering provides immediate security and a rare prospect for meaningful future upside.
In November 2024, Applebee’s Corporate assumed operations and executed a brand-new Absolute NNN 10-year lease, underscoring their confidence in the location and its strong performance.
The lease is secured by a corporate guaranty from Applebee’s International, Inc., offering zero landlord responsibilities and featuring 2, 5-Year renewal options with 10% rent escalations at each renewal. Additionally, the lease includes a Percentage Rent provision beginning in Year 3, providing potential for substantially enhanced returns (See Page 5 for details).
This rare Applebee’s Corporate backed location represents a compelling opportunity for investors seeking stable, reliable cash flow from a well-established, publicly traded tenant. With strong real estate fundamentals, this offering provides immediate security and a rare prospect for meaningful future upside.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
5,058 SF
Building Class
B
Year Built
1992
Price
$2,700,000
Price Per SF
$534
Cap Rate
7.56%
NOI
$204,172
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.49 AC
Zoning
Highway Business Zone - GENERAL BUSINESS
Parking
90 Spaces (17.79 Spaces per 1,000 SF Leased)
Frontage
99 FT on Hinkleville Road
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 086-00-00-011.01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,825,000 |
PROPERTY TAXES
Parcel Number
086-00-00-011.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,825,000
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Applebee's | 3990 Hinkleville Rd
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