Winchester, KY


List Price: $1,452,151
Cap Rate: 7.25%
Lease Type: Absolute NNN
Leasable Area: 5,498 SF
Lot Size (AC): 2.25 Acres

  • Twenty-Year Absolute Net Lease
  • 10% Rent Bumps Every Five Years Over Remaining Twelve Years and Each of Four Five-Year Options
  • Strong Rent-to-Sales Ratio Both Before and During the Covid-19 Pandemic
  • Guaranteed by RMH Franchise Holdings, the Second-Largest Applebee’s Franchisee in the U.S.
  • Excellent Location on Primary Retail Corridor

Diffie Retail Team at Marcus & Millichap is pleased to present this absolute-net-leased Applebee’s in Winchester, Kentucky. This restaurant has been a strong performer with an excellent rent-to-sales ratio both before and during the Covid-19 pandemic. The twenty-year lease is guaranteed by the franchisee, RMH Franchise Holdings, who are the second-largest Applebee’s franchisee in the United States, with over 130 units. The current lease term has just over twelve years remaining and four attractive options, with 10% increases every five years throughout the primary term and each option period.

Located on the city’s primary retail corridor near I-64, the offering is easily accessible via a signalized intersection. The location benefits from strong synergy with other national brands and close proximity to Clark Regional Medical Center, a seventy-nine bed hospital employing nearly six hundred people. An Amazon Customer Service Center just over a mile away also supplies the area with a steady consumer base.

Exterior Photograph of Applebee's in Winchester, Kentucky

$1.45M | Absolute NNN | Closed Transactions | Kentucky | Lexington MSA | Restaurant | STNL