Restaurant

Wendy's

1201 W Broadway, Louisville, KY 40203

Listing Price: $2,591,645

Cap Rate
5.35%
Tenant Name
/ SRRG Holdings LLC & Stonewall Road Partners LLC
Years Remaining On Lease
18.2
Gross SF
2,847
Guarantor
Franchisee Guarantee
Rentable SF
2,847
Price/Gross SF
$910.31
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.70

Investment Overview

The subject investment property is situated along West Broadway, which serves as an access road intersects with Interstate-65. West Broadway brings in about 22,000 vehicles into the area, and 23,000 vehicles into the immediate area on average daily. There are more than 125,000 individuals residing within a three-mile radius of the property and more than 260,000 individuals within a five-mile radius.

Investment Highlights

  • 20-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10.00% Every Five (5) Years
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $2,591,645

Cap Rate
5.35%
Tenant Name
/ SRRG Holdings LLC & Stonewall Road Partners LLC
Years Remaining On Lease
18.2
Gross SF
2,847
Guarantor
Franchisee Guarantee
Rentable SF
2,847
Price/Gross SF
$910.31
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.70

Investment Highlights

  • 20-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10.00% Every Five (5) Years
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Investment Overview

The subject investment property is situated along West Broadway, which serves as an access road intersects with Interstate-65. West Broadway brings in about 22,000 vehicles into the area, and 23,000 vehicles into the immediate area on average daily. There are more than 125,000 individuals residing within a three-mile radius of the property and more than 260,000 individuals within a five-mile radius.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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