Wendy's - Louisville, KY_Pand te koop
Wendy's - Louisville, KY_Pand te koop
978 Breckenridge Lane, Saint Matthews, KY, 40207, US

Wendy's - Louisville, KY

Activa beschrijving

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 3,911 square foot freestanding, single-tenant Wendy’s located at 978 Breckenridge Lane in Louisville, Kentucky (“Property” or “Asset”). In 2021, substantial investments were made to renovate Wendy’s and bring it in-line with the sharper façade seen in newly constructed Wendy’s locations.


The Asset is 100% leased to Stonewall Road Restaurant Group (“SRRG” or “Tenant”), a singularly focused restaurant operations firm, and one of Wendy’s fastest growing and most respected franchisee groups. SRRG currently operates 57 Wendy’s restaurants with significant plans for expansion in the near future. 


The Property sits as an outparcel to the #3 most visited Home Depot in Kentucky with more than 1.1 million visits annually (Placer.ai). The Property is located less than a 15-minute drive from Downtown Louisville along Breckenridge Lane (65,000 VPD), directly adjacent to both Interstate 64 and Interstate 264 (264,000 VPD).

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Attributen

Vraagprijs
€ 2.738.000
Cap rate
5,8%
NOI
€ 159.000
Jaar gerenoveerd
2021
Netto gebouwoppervlakte
363 vierkante meter

Media

Investeringshoogtepunten

  • ±14.8 years of lease term remaining on an absolute NNN lease with 10.0% rent escalations every 5-years, and 4, 5-year renewal options.
  • Outparcel to the #3 most visited Home Depot in Kentucky
  • Incredible demand characteristics driven by 3-mile AHHI of $111K and 100K+ residents
  • Experienced franchisee with significant plans for expansion
  • Louisville is named the #7 best city to move to in 2024 by Forbes
  • Along Breckenridge Lane (65,000 VPD), directly adjacent to both Interstate 64 and Interstate 264 (264,000 VPD).
Wendy's - Louisville, KY 4_Pand te koop
Wendy's - Louisville, KY 4_Pand te koop

Contact makelaars

Wendy's - Louisville, KY (0 Eigendommen)
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Laatst bijgewerkt
May 16, 2024