Highlights
• Frontage 99’ on Hinkleville Road
Description
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).
Listing Details
- Cap Rate
7.56%
- Tenancy
Single
- Space Type
Retail
- Sub Category
Restaurant
- Sale Type
1031 Exchange
- Date Listed
5/9/2025
- Net Operating Income
$204,172
- Parking Info
90 Spaces (17.79 Spaces per 1,000 SF Leased)
- Building FAR
0.08
Property Specifics
- Property Name
Applebee's | 3990 Hinkleville Rd
- Property Class
B
- No of Buildings
1
- No of Stories
1
- Year Built
1992
- Building Size
5,058 SF
- Lot Size
1.49 Ac
- APN
086-00-00-011.01
- Zoning
Highway Business Zone - GENERAL BUSINESS