Restaurant

Wendy's

8596 Dixie Hwy, Louisville, KY 40258

Listing Price: $3,093,835

Cap Rate
5.45%
Tenant Name
SRRG Holdings LLC & Stonewall Road Partners LLC
Years Remaining On Lease
18.2
Gross SF
3,111
Rentable SF
3,111
Price/Gross SF
$994.48
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.20

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendys located at 8596 Dixie Hwy, Louisville, KY. The property consists of 3,111 square feet of building space and is situated on a 0.47 acre parcel. The Wendys is subject to a 20-year triple-net (NNN) lease, which commenced on March 18, 2019. The lease will call for 10 percent rental increases every five years that will continue through the base term and into the four, five-year tenant renewal options.

Investment Highlights

  • A 20-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10.00% Every Five (5) Years
  • There are Four Tenant Renewal Periods of Five Years Each
  • Wendys is the Worlds Number Three Hamburger Chain in Terms of Locations
  • Stonewall Road Restaurant Group Currently Operates 45 Locations & Growing

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: $3,093,835

Cap Rate
5.45%
Tenant Name
SRRG Holdings LLC & Stonewall Road Partners LLC
Years Remaining On Lease
18.2
Gross SF
3,111
Rentable SF
3,111
Price/Gross SF
$994.48
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.20

Investment Highlights

  • A 20-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10.00% Every Five (5) Years
  • There are Four Tenant Renewal Periods of Five Years Each
  • Wendys is the Worlds Number Three Hamburger Chain in Terms of Locations
  • Stonewall Road Restaurant Group Currently Operates 45 Locations & Growing

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendys located at 8596 Dixie Hwy, Louisville, KY. The property consists of 3,111 square feet of building space and is situated on a 0.47 acre parcel. The Wendys is subject to a 20-year triple-net (NNN) lease, which commenced on March 18, 2019. The lease will call for 10 percent rental increases every five years that will continue through the base term and into the four, five-year tenant renewal options.

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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