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1201 W Broadway
Louisville, KY 40203
Wendy's · Retail Property For Sale

INVESTMENT HIGHLIGHTS

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

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,542 SF
Building Class
C
Year Built
1982
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.56 AC
Zoning
C2-COMMERC
Parking
18 Spaces (6.32 Spaces per 1,000 SF Leased)
Frontage
206’ on Broadway St

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

ABOUT 1201 W BROADWAY , LOUISVILLE, KY 40203

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. The subject property benefits from being well-positioned in a highly dense retail corridor in the middle of downtown Louisville, Kentucky. Over 24 million tourists come to the area annually to visit legendary attractions such as Churchill Downs, Louisville Slugger Museum & Factory, and the Muhammad Ali Center, which are all in close proximity of the site. Major national tenants on this retail corridor include: McDonald’s, Taco Bell, Walgreens, AutoZone, Dollar General, O’Reilly Auto Parts, Papa John’s, Family Dollar, Rally’s, BB&T Bank and several other quick service restaurants. Additionally, this Wendy’s is less than three miles away from Louisville International Airport, where almost 4 million passengers and over 5 billion pounds of cargo travel through annually. Many notable academic institutions are within close proximity of the subject property, most significantly University of Louisville, a public university in Louisville, Kentucky, and a member of the Kentucky state university system, which enrolls over 22,000 students and over 2,000 faculty members. Louisville, Kentucky’s largest city, sits on the Ohio River along the Indiana Border. Louisville is the county seat of Jefferson County and has a metro population of roughly 1,284,848. Louisville, since its origin, has been heavily linked to the shipping and cargo industries, due to its location at the crossroads of three major interstate highways (I-64, I-65, and I-71). However, in the recent past, Louisville has expanded its economy across several industries, emerging as a major center for health care and medical sciences. It has been central to advancements in heart and hand surgery, as well as cancer treatment. In fact, some of the earliest artificial heart and hand transplants were conducted in Louisville. In addition to a growing economy, Louisville is home to a very diverse cultural scene that includes international cuisine, fine and performing arts, and music. Today, the city is known as the home of the Kentucky Derby, Kentucky Fried Chicken, the University of Louisville and its Louisville Cardinals athletic teams, Louisville Slugger baseball bats, and three of Kentucky’s six Fortune 500 companies. Its main airport, Louisville International Airport, is also the site of United Parcel Service’s (UPS) worldwide air hub.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
013G01930000
Land Assessment
$317,170
Improvements Assessment
$2,238,650
Total Assessment
$2,555,820
  • Listing ID: 19210699

  • Date on Market: 4/13/2020

  • Last Updated:

  • Address: 1201 W Broadway, Louisville, KY 40203

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