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2059 Walmart Way, Radcliff, KY, 40160

APPLEBEE’S
Closed

Key Information

Year Built
2004
Term Remaining
±9.75 YRS
Type
Retail
Leasable Area
5,396

Highlights

  • Absolute NNN Lease – Tenant is responsible for paying all Taxes, Insurance, and Maintenance, providing an investor complete passive ownership.
  • Corporate Guarantee – The lease benefits from a Corporate Guarantee from parent company, Dine Brands Global (NYSE: DIN), which affords landlord security with a substantial entity backing the rental payments.
  • New Corporate Lease – Dine Brands Global, Inc. recently brought the subject property under its corporate umbrella in May 2025, displaying the strength of the site and signaling a strategic move to further enhance the location’s performance.
  • Annual Rent Increases – The lease features 1.50% annual rent increases providing the landlord a hedge against inflation.
  • Walmart Supercenter Adjacent – The property is situated on Walmart Way, adjacent to a high-traffic Walmart Supercenter, ensuring consistent foot traffic and visibility.
  • Proximity to Fort Knox – The property is located near the main gate of Fort Knox, a major U.S. Army installation with a daytime population of approximately 26,260, including soldiers, civilians, and families, providing a stable customer base.
  • National Tenant – Applebee’s Grill + Bar, a subsidiary of Dine Brands Global, is one of the largest casual dining restaurant chains in the world with ±1,500 locations.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203