3119 Frederica St
Owensboro, KY 42301
Subway | New 15-Yr Abs NNN | Owensboro, KY · Local commercial Bien À vendre

Marcus & Millichap is pleased to present a freestanding Subway drive-thru at 3119 Frederica Street in Owensboro, Kentucky, available individually or as part of the nine-property Subway Kentucky Portfolio. The ±1,302-square-foot restaurant on ±0.30 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 $48,000 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 Frederica Street (±21,195 VPD), Owensboro's primary north-south commercial corridor, surrounded by Walmart, Target, Lowe's, Best Buy, TJ Maxx, Hobby Lobby, and Kroger. The 5-mile trade area supports 76,779 residents with an average household income of $89,036, and the site benefits from proximity to Kentucky Wesleyan College (864 students), Brescia University (700 students), and Owensboro Community and Technical College (4,875 students). Owensboro anchors a metro population of approximately 114,000 with a stable economic base driven by healthcare, manufacturing, and financial services. Subway operates approximately 37,000 locations globally, pairing enduring brand strength with passive, long-term net-lease income.