1525 Lexington Ave Winchester, KY 40391

This exceptional investment opportunity presents a 5,498 square foot Applebee's restaurant in Winchester, Kentucky, situated on a 2.25-acre lot. The property boasts an absolute NNN lease with a corporate guarantor, offering passive income and minimal landlord responsibilities. The lease, commencing November 6, 2013, has a remaining term of 8.1 years, extending to December 31, 2032, with 10% rent increases every five years. The current annual net operating income (NOI) is $115,809, yielding a 6.75% cap rate. The asking price is $1,715,690, translating to $312.06 per square foot. Built in 2003, the property is located at 1525 W Lexington Ave, Winchester, KY 40391, less than half a mile from I-64 exit 94, benefiting from high visibility and convenient access. The property's strategic location within a thriving retail corridor, alongside national brands like McDonald's and Starbucks, ensures strong tenant performance and long-term value. The B-3 zoning provides flexibility for future redevelopment. This property is an ideal 1031 exchange opportunity. The property's size and location offer significant long-term security, even beyond the current lease term. The high-performing location and low rent-to-sales ratio increase the likelihood of lease renewals.