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Subway | New 15-Yr Abs NNN 809 US Highway 60 E 1,472 SF Retail Building Morganfield, KY 42437 $1,121,360 CAD ($761.79 CAD/SF) 6% Cap Rate
Investment Highlights
- Brand-New 15-Year Absolute NNN Lease Commencing at Close of Escrow
- Scheduled 10% Rent Increases Every 5 Years
- Adjacent to Walmart Supercenter, Tractor Supply Co., and Dollar Tree
- Zero Landlord Responsibilities With Four (4) Five-Year Renewal Options
- Backed by a High Net Worth Personal Guaranty
- Positioned Along U.S. Highway 60 (±7,523 VPD), Morganfield's Primary Commercial Corridor
Executive Summary
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.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Subway began in 1965 when Fred DeLuca and Peter Buck opened Pete's Super Submarines in Bridgeport, Connecticut, and the business later adopted the Subway name as it expanded. The company grew by franchising in the 1970s and built a restaurant model centered on freshly made, convenient sandwiches served at value-focused prices. Subway now operates as a global restaurant franchise with a network of franchisees serving made-to-order sandwiches and related menu items such as salads, cookies, soft drinks, and selected pizzas at certain locations. Subway ranks among the world's largest single-brand restaurant chains, with a wide international footprint and a continued focus on franchise-based growth.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | M3-32-01 | Improvements Assessment | $301,774 CAD |
| Land Assessment | $119,306 CAD | Total Assessment | $421,080 CAD |
Property Taxes
Presented by
Company Not Provided
Subway | New 15-Yr Abs NNN | 809 US Highway 60 E
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