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Wendy's 158 Keystone Crossroad Dr 2,638 SF Retail Building Shepherdsville, KY 40165 $3,808,677 ($1,443.77/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN Lease with 12.8 Years Remaining and Built-in 10% Rental Increases Every 5 Years
- Investment-Grade BB+ Credit Rated National Tenant with $2.2 Billion Annual Revenue and 7,000 Locations
- Prime Location 15 Miles South of Louisville MSA with 1.2 Million Residents and Strategic Airport Access
- High-Traffic Location with 15,000+ VPD on Highway 44 and Direct Access to Interstate 65 (96,000+ VPD)
- Strong Rental Growth with Next Increase in 2029 Bringing Cap Rate to 6.60% and Four 5-Year Options
- Dense Retail Corridor with National Tenants Including McDonald's, Starbucks, Kroger, and Walgreens
Executive Summary
Kyle Matthews
License # 221925, 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 221925, 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,638 SF
Building Class
B
Year Built
2000
Price
$3,808,677
Price Per SF
$1,443.77
Cap Rate
6%
NOI
$228,520
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
Retail
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Wendy's began in 1969 when Dave Thomas opened the first Wendy's Old Fashioned Hamburgers restaurant in Columbus, Ohio. The company operates a quick-service restaurant system built around company-operated and franchised locations, with a presence across the United States and international markets. Wendy's menu centers on made-to-order square hamburgers with fresh beef, along with chicken sandwiches and nuggets, Baconator items, Frosty desserts, and other core menu offerings. The company pursues ongoing menu development and expansion across the global restaurant system, reflecting a business focused on burgers, chicken, desserts, and franchise operations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 422475 | Improvements Assessment | $3,622,334 |
| Land Assessment | $0 | Total Assessment | $3,622,334 |
Property Taxes
Parcel Number
422475
Land Assessment
$0
Improvements Assessment
$3,622,334
Total Assessment
$3,622,334
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