Subway Drive-Through
New
For Sale
$1,000,000
177 Garden Mile Rd, Henderson, KY 42420
Freestanding restaurant with drive-through service and a new NNN lease structure.
Property Size1,458 SF
Lot Size0.42 Acres
Price / SF$685.87
Days on Market2
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Property Features for 177 Garden Mile Rd
General Information
Standard status
Active
Size
1,458 SF
Lot size
0.42 Acres
Property subtype
Vacant-User
Net Operating Income
$60,000
Site & Location
Drive-Thru
Yes
Highway Access
Yes
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
$60,000 Annual Base Rent at a 6.00% CAP
Frontage on Garden Mile Road w/ Access to Zion Rd (±8,829 VPD) and I-69 (±25,319 VPD)
Building Details
Building Size
1,458 SF
Year Built
1997
Buildings
1
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:13AM
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 includes drive-through service and contains 1,458 square feet on approximately 0.42 acres. Built in 1997, the property is expected to enter a new 15-year NNN lease at closing, with no landlord responsibilities, a personal guaranty, and four five-year renewal options. Rent increases are scheduled at 10% every five years; the stated cap rate is 6.00%.
The site fronts Garden Mile Road in Henderson. Nearby access includes Zion Road, U.S. Route 41, and Interstate 69. Nearby businesses include McDonald’s, Burger King, and Walgreens; Henderson County High School and Deaconess Henderson Hospital are also in the area. The stated trade area includes 32,335 residents within five miles and 85,996 within 10 miles.
The site fronts Garden Mile Road in Henderson. Nearby access includes Zion Road, U.S. Route 41, and Interstate 69. Nearby businesses include McDonald’s, Burger King, and Walgreens; Henderson County High School and Deaconess Henderson Hospital are also in the area. The stated trade area includes 32,335 residents within five miles and 85,996 within 10 miles.
Key Highlights
- Freestanding Subway restaurant with drive‑through service
- 1,458‑square‑foot building on approximately 0.42 acres
- New 15‑year NNN lease planned at closing; four five‑year renewal options
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Apparel 27%
Dining 15%
Home Improvements & Furnishings 12%
Ollie's Bargain Outlet
Shops & Services
13,686 visits/mo
0.2 miles
Bealls
Apparel
9,028 visits/mo
0.2 miles
Fazoli's
Dining
6,393 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
5,953 visits/mo
0.2 miles
Hibbett Sports
Apparel
4,151 visits/mo
0.2 miles
Demographics for 42420, KY
37,664
Population
17,316
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
89%
High-School Grad
191.6 sq mi
ZIP Area
197
Density / Sq Mi
$56,661
Median Household Income
$39,168
Median Earnings
$792
Median Rent
$164,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding restaurant with drive-through service and a new NNN lease structure.
Where is this drive through restaurant located?
The property is located at 177 Garden Mile Rd Henderson, KY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Freestanding Subway restaurant with drive‑through service; 1,458‑square‑foot building on approximately 0.42 acres; New 15‑year NNN lease planned at closing; four five‑year renewal options
