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Wendy's 5240 Bardstown Rd 2,767 SF Retail Building Louisville, KY 40291 $2,828,618 ($1,022.27/SF) 5.50% Cap Rate
Investment Highlights
- Robust Traffic Counts
- Attractive Demographics
- Dense Retail Corridor
Executive Summary
Surmount and Bang Realty are pleased to present the exclusive listing for a Wendy's located at 5240 Bardstown Road, Louisville, Kentucky 40291. The site consists of roughly 2767 rentable square feet of building space on an estimated 1.49-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 3/18/2019. The current annual rent is $155,574 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,767 SF
Building Class
C
Year Built/Renovated
1983/2015
Price
$2,828,618
Price Per SF
$1,022.27
Cap Rate
5.50%
NOI
$155,574
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.49 AC
Zoning
C-1 - Commercial
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 211101020000 | Improvements Assessment | $1,802,920 |
| Land Assessment | $861,200 | Total Assessment | $2,664,120 |
Property Taxes
Parcel Number
211101020000
Land Assessment
$861,200
Improvements Assessment
$1,802,920
Total Assessment
$2,664,120
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Wendy's | 5240 Bardstown Rd
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