Restaurant

Wendy's

3301 Cane Run Rd, Louisville, KY 40211

Listing Price: $1,863,786

Cap Rate
5.15%
Tenant Name
SRRG Kentucky LLC /
Years Remaining On Lease
18.50
Gross SF
3,955
Guarantor
Corporate Guarantee
Rentable SF
3,955
Price/Gross SF
$471.25
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.27

Investment Overview

Wendy’s is an American international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio. The company moved its headquarters to Dublin, Ohio on January 29, 2006. The Wendy's chain offers made-to-order burgers and fries as well as such alternative menu items as baked potatoes, chili, and salads. The chain is known for its square hamburgers, sea salt fries and the Frosty, a form of soft serve ice cream mixed with frozen starches. As of 2018, Wendy’s is the world's number three hamburger chain in terms of locations (only behind McDonald's and Burger King), with approximately 6,600 franchise and Company-operated restaurants in the United States and 30 countries and U.S. territories worldwide.

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: $1,863,786

Cap Rate
5.15%
Tenant Name
SRRG Kentucky LLC /
Years Remaining On Lease
18.50
Gross SF
3,955
Guarantor
Corporate Guarantee
Rentable SF
3,955
Price/Gross SF
$471.25
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.27

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

Wendy’s is an American international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio. The company moved its headquarters to Dublin, Ohio on January 29, 2006. The Wendy's chain offers made-to-order burgers and fries as well as such alternative menu items as baked potatoes, chili, and salads. The chain is known for its square hamburgers, sea salt fries and the Frosty, a form of soft serve ice cream mixed with frozen starches. As of 2018, Wendy’s is the world's number three hamburger chain in terms of locations (only behind McDonald's and Burger King), with approximately 6,600 franchise and Company-operated restaurants in the United States and 30 countries and U.S. territories worldwide.

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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