Subway Drive-Thru
New
For Sale
$700,000
3007 US-60, Owensboro, KY 42303
Freestanding Subway drive-thru offered with an absolute NNN lease featuring a 15-year term and four five-year renewal options.
Property Size2,212 SF
Lot Size0.55 Acres
Price / SF$316.46
Days on Market3
Property Features for 3007 US-60
General Information
Standard status
Active
Size
2,212 SF
Lot size
0.55 Acres
Property subtype
Restaurant
Net Operating Income
$42,000
Site & Location
Drive-Thru
Yes
Traffic Count
15,873 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6%
Amenities
Brand-New 15-Year Absolute NNN Lease Commencing at Close of Escrow
Zero Landlord Responsibilities With Four (4) Five-Year Renewal Options
Scheduled 10% Rent Increases Every 5 Years
Backed by a High Net Worth Personal Guaranty
Positioned Along US Route 60 Near E 4th St / KY 144 (±15,873 VPD)
Corridor Neighbors Include Kroger, Rural King, Dollar Tree, and Dairy Queen
Available Individually or as Part of the Nine-Property Subway Kentucky Portfolio
Building Details
Building Size
2,212 SF
Listing Agency:
Marcus & Millichap - Los Angeles
(310) 909-2394
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Jul 29
Changed: Jul 31
Last Checked: Jul 31 at 2:47AM
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.
Marcus & Millichap presents a freestanding Subway drive-thru restaurant on US-60 in Owensboro, Kentucky. The property includes a 2,212-square-foot restaurant on 0.55 acres, designed for drive-thru operations. The asset is available individually or as part of the nine-property Subway Kentucky Portfolio.
The restaurant will operate under a brand-new 15-year absolute NNN lease commencing at close of escrow with zero landlord responsibilities. The lease includes four (4) five-year renewal options and scheduled 10% increases every five years. The lease is backed by a high net worth personal guaranty, and the offering is presented with a 6.00% cap rate.
Located along U.S. Route 60 near East 4th Street / KY 144, the site benefits from an estimated 15,873 VPD and sits on an active east-side commercial corridor. Corridor neighbors include Kroger, Rural King, Dollar Tree, and Dairy Queen. The 5-mile trade area supports 68,143 residents with an average household income of $89,300, with nearby institutional presence including Owensboro Health Regional Hospital, Kentucky Wesleyan College, Brescia University, and Owensboro Community and Technical College.
The restaurant will operate under a brand-new 15-year absolute NNN lease commencing at close of escrow with zero landlord responsibilities. The lease includes four (4) five-year renewal options and scheduled 10% increases every five years. The lease is backed by a high net worth personal guaranty, and the offering is presented with a 6.00% cap rate.
Located along U.S. Route 60 near East 4th Street / KY 144, the site benefits from an estimated 15,873 VPD and sits on an active east-side commercial corridor. Corridor neighbors include Kroger, Rural King, Dollar Tree, and Dairy Queen. The 5-mile trade area supports 68,143 residents with an average household income of $89,300, with nearby institutional presence including Owensboro Health Regional Hospital, Kentucky Wesleyan College, Brescia University, and Owensboro Community and Technical College.
Key Highlights
- 2,212‑square‑foot freestanding Subway drive‑thru restaurant on 0.55 acres
- Brand‑new 15‑year absolute NNN lease at close of escrow with zero landlord responsibilities
- Four (4) five‑year renewal options plus scheduled 10% increases every five years
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.0k | $17.16 |
| − Vacancy | −$987 | −$0.45 |
| EGI | $37.0k | $16.71 |
| − OpEx | −$9.2k | −$4.18 |
| NOI | $27.7k | $12.54 |
2,212 SF · lease $17.16/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$396.1K
$346.6K – $462.1K
NOI $27,728 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15,873 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
219k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Apparel 27%
Beauty & Spa 11%
Dining 9%
Hobby Lobby
Shops & Services
46,422 visits/mo
0.5 miles
Gabe's
Shops & Services
27,208 visits/mo
0.4 miles
Ross Dress for Less
Apparel
26,426 visits/mo
0.4 miles
Five Below
Shops & Services
24,439 visits/mo
0.3 miles
Bath & Body Works
Beauty & Spa
23,241 visits/mo
0.2 miles
Demographics for 42303, KY
41,877
Population
18,055
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
89%
High-School Grad
48.8 sq mi
ZIP Area
858
Density / Sq Mi
$63,010
Median Household Income
$41,272
Median Earnings
$941
Median Rent
$183,400
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?
Drive through restaurant - Freestanding Subway drive-thru offered with an absolute NNN lease featuring a 15-year term and four five-year renewal options.
Where is this drive through restaurant located?
The property is located at 3007 US-60 Owensboro, KY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2,212‑square‑foot freestanding Subway drive‑thru restaurant on 0.55 acres; Brand‑new 15‑year absolute NNN lease at close of escrow with zero landlord responsibilities; Four (4) five‑year renewal options plus scheduled 10% increases every five years
