Applebee’s Restaurant
For Sale
Contact for pricing
Pending
1525 W Lexington Ave, Winchester, KY 40391
Applebee’s restaurant building built in 2003 on 2.25 acres with an absolute net lease structure.
Property Size5,498 SF
Lot Size2.25 Acres
Days on Market123
Property Features for 1525 W Lexington Ave
General Information
Standard status
Pending
Size
5,498 SF
Lot size
2.25 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Marcus & Millichap - Salt Lake City
(801) 736-2648
Listed By:
Andrew Knudsen · License #UT 9115765-SA00
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 10 at 10:40AM
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 - Salt Lake City
Investment Insights
Based on property information with market context.
This for-sale Applebee’s restaurant property includes a 5,498-square-foot building constructed in 2003 and situated on 2.25 acres. The offering features an absolute net lease with 11 years remaining. The lease structure places expenses covered by the tenant, meaning a new buyer would have no landlord responsibilities.
The property is located along a main highway through the city and is adjacent to Interstate 64, positioned within a major retail area. It is also next to the Clark Regional Medical Center.
The lease provides four, 5-year options. Rental increases are scheduled every five years during the initial term and again at each option.
The property is located along a main highway through the city and is adjacent to Interstate 64, positioned within a major retail area. It is also next to the Clark Regional Medical Center.
The lease provides four, 5-year options. Rental increases are scheduled every five years during the initial term and again at each option.
Key Highlights
- 5,498 SF Applebee's restaurant building built in 2003 on 2.25 acres
- Absolute net lease structure with 11 years remaining, shifting expenses to the tenant
- Lease includes four 5‑year options for continued term extensions
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40391, KY
36,461
Population
16,125
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
90%
High-School Grad
237.3 sq mi
ZIP Area
154
Density / Sq Mi
$67,910
Median Household Income
$40,323
Median Earnings
$884
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Applebee’s restaurant building built in 2003 on 2.25 acres with an absolute net lease structure.
Where is this conventional restaurant located?
The property is located at 1525 W Lexington Ave Winchester, KY.
What are key features of this property?
This property features: 5,498 SF Applebee's restaurant building built in 2003 on 2.25 acres; Absolute net lease structure with 11 years remaining, shifting expenses to the tenant; Lease includes four 5‑year options for continued term extensions
