Subway Freestanding
New
For Sale
$800,000
1210 Southtown Blvd, Owensboro, KY 42301
A new NNN lease provides four renewal options and assigns no landlord responsibilities.
Property Size2,220 SF
Price / SF$360.36
Days on Market3
Property Features for 1210 Southtown Blvd
General Information
Standard status
Active
Size
2,220 SF
Property subtype
Restaurant
Lease Type
NNN
Net Operating Income
$48,000
Site & Location
Traffic Count
11,160 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
6%
Amenities
New 15-Yr NNN Lease to Commence at Close of Escrow | Zero Landlord Responsibilities
Scheduled 10% Rent Increases Every 5 Years | Four 5-Year Renewal Options
High Net Worth Personal Guaranty
$48,000 Annual Base Rent at a 6.00% CAP
Frontage on Southtown Blvd (±11,160 VPD) Near Frederica St (±17,110 VPD) and Wendell Ford Expy (±23,605 VPD)
Near Owensboro Health Regional Hospital
Available Individually or as Part of a 9-Property, $7.7M Subway Portfolio
Building Details
Building Size
2,220 SF
Buildings
1
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Oct 7
Last Checked: Oct 7 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
The freestanding Subway restaurant contains 2,220 square feet at 1210 Southtown Boulevard in Owensboro. A new 15-year NNN lease is scheduled to begin at closing, with four five-year renewal options and a high-net-worth personal guaranty. Rent is set to increase 10% every five years, and the lease places no landlord responsibilities on the property owner.
The site fronts Southtown Boulevard, which carries approximately 11,160 vehicles per day. Nearby routes include Frederica Street, with approximately 17,110 vehicles per day, and the Wendell Ford Expressway, with approximately 23,605 vehicles per day. Area institutions include Owensboro Health Regional Hospital, Owensboro Community & Technical College, Kentucky Wesleyan College, and Brescia University.
The site fronts Southtown Boulevard, which carries approximately 11,160 vehicles per day. Nearby routes include Frederica Street, with approximately 17,110 vehicles per day, and the Wendell Ford Expressway, with approximately 23,605 vehicles per day. Area institutions include Owensboro Health Regional Hospital, Owensboro Community & Technical College, Kentucky Wesleyan College, and Brescia University.
Key Highlights
- Freestanding Subway restaurant with 2,220 square feet
- New 15‑year NNN lease begins at closing; no landlord responsibilities
- Four five‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,829
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,580
$556.6K
Cap Rate 7%
$397,557
$397.6K
Cap Rate 9%
$309,211
$309.2K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$38.1K $17.16/SF
− Vacancy
−$990 −$0.45/SF
EGI
$37.1K $16.71/SF
− OpEx
−$9.3K −$4.18/SF
NOI
$27.8K $12.54/SF
Area
Daviess County, KY
Vacancy
2.60%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,580
Cap Rate 7%
$397,557
Cap Rate 9%
$309,211
Alternative Uses
Best Use
Specialty Retail
$397.6K
$347.9K – $463.8K
NOI $27,829 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
11,160 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
665k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Superstores 33%
Shops & Services 13%
Apparel 9%
Walmart
Superstores
105,364 visits/mo
0.4 miles
Sam's Club
Superstores
83,045 visits/mo
0.4 miles
T.J. Maxx
Apparel
52,459 visits/mo
0.5 miles
Chick-fil-A
Dining
49,898 visits/mo
0.5 miles
McDonald's
Dining
35,635 visits/mo
0.3 miles
Demographics for 42301, KY
44,883
Population
19,833
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
173.0 sq mi
ZIP Area
259
Density / Sq Mi
$62,010
Median Household Income
$37,305
Median Earnings
$883
Median Rent
$180,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- NEW CHINA BUFFET — 4768 Frederica St, Owensboro, KY 42301
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A new NNN lease provides four renewal options and assigns no landlord responsibilities.
Where is this conventional restaurant located?
The property is located at 1210 Southtown Blvd Owensboro, KY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Freestanding Subway restaurant with 2,220 square feet; New 15‑year NNN lease begins at closing; no landlord responsibilities; Four five‑year renewal options
