1725 S Green St
Henderson, KY 42420
Subway | New 15-Yr Abs NNN · Local commercial Bien À vendre

Marcus & Millichap is pleased to present a freestanding Subway drive-thru at 1725 South Green Street in Henderson, Kentucky, available individually or as part of the nine-property Subway Kentucky Portfolio. The ±1,956-square-foot restaurant on ±0.74 acres will be operated under a brand-new 15-year absolute NNN lease commencing at close of escrow with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $54,000 delivers a 6.00% cap rate with scheduled 10% increases every five years. The lease is backed by a high net worth personal guaranty.
The property is positioned along South Green Street / U.S. Highway 60 (±19,168 VPD), a primary commercial corridor with direct connectivity to U.S. Route 41 and Interstate 69. Corridor neighbors include Walgreens, Dollar General, O'Reilly Auto Parts, and Advance Auto Parts. The 5-mile trade area supports 27,837 residents with an average household income of $71,558, and the site benefits from proximity to Deaconess Henderson Hospital and Henderson High School (1,930 students). Henderson anchors a micro MSA of approximately 57,000 residents just 11 miles from the Evansville metro area, and Subway operates approximately 37,000 locations globally, pairing enduring brand strength with passive, long-term net-lease income.