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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
License # 221925, 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
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 | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 422475 | Improvements Assessment | $3,622,334 |
| Land Assessment | $0 | Total Assessment | $3,622,334 |
Property Taxes
Presented by
Wendy's | 158 Keystone Crossroad Dr
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