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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
- -
- -
- -
Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy's began as a single hamburger restaurant and grew into a franchise-based quick-service chain. The company serves a menu centered on square hamburgers made with fresh beef, along with chicken sandwiches, salads, chili, baked potatoes, breakfast items, and the Frosty dessert. Wendy's operates through company-owned and franchised restaurants and uses a system that extends across a broad international footprint. The business remains focused on restaurant operations, menu development, and franchising as part of The Wendy's Company.
| 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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