Restaurant

Wendy's

978 Breckenridge Ln, Louisville, KY 40207

Listing Price: $2,931,682

Cap Rate
5.35%
Tenant Name
SRRG Kentucky LLC
Years Remaining On Lease
18.1
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.10

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy's located at 978 Breckenridge Lane, Louisville, KY. The property consists of 3,911 square feet of building space and is situated on a 1.72-acre parcel. The Wendy's 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 Percent Every Five Years
  • There are Four Tenant Renewal Periods of Five Years Each
  • Wendy's is the Worlds Number Three Hamburger Chain in Terms of Locations
  • Stonewall Road Restaurant Group Currently Operates 45 Locations

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: $2,931,682

Cap Rate
5.35%
Tenant Name
SRRG Kentucky LLC
Years Remaining On Lease
18.1
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.10

Investment Highlights

  • A 20-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10 Percent Every Five Years
  • There are Four Tenant Renewal Periods of Five Years Each
  • Wendy's is the Worlds Number Three Hamburger Chain in Terms of Locations
  • Stonewall Road Restaurant Group Currently Operates 45 Locations

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Wendy's located at 978 Breckenridge Lane, Louisville, KY. The property consists of 3,911 square feet of building space and is situated on a 1.72-acre parcel. The Wendy's 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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