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8596 Dixie Hwy
Louisville, KY 40258
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
  • There are Approximately 6,600 Franchise and Company-Operated Wendy’s Restaurants in the United States and 30 Countries and U.S. Territories Worldwide
  • Attractive Rental Increases | 10.00% Every Five (5) Years
  • Wendy’s is the World’s Number Three Hamburger Chain in Terms of Locations
  • SRRG Currently Operates 45 Wendy’s Restaurants with Significant Plans for Expansion through a Robust M&A and Development Pipeline

Property Facts

Property Type
Retail
Property Subtype
Fast Food
Building Size
3,111 SF
Building Class
C
Year Built/Renovated
1977/2013
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.47 AC
Zoning
Commercial - Commercial Zoned Property
Parking
25 Spaces (8.04 Spaces per 1,000 SF Leased)
Frontage
138’ on Dixie Hwy

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Drive Thru

About 8596 DIXIE HWY , LOUISVILLE, KY 40258

The subject investment property is situated along Dixie Highway, which serves as an access road that leads to downtown Louisville. Dixie Highway boasts average daily traffic counts of approximately 37,000 vehicles. There are more than 65,000 individuals residing within a three-mile radius of the property and nearly 130,000 individuals within a five-mile radius. The subject property benefits from being well-positioned in a densely populated residential area on the outskirts of Louisville, Kentucky. This Wendy’s is on a trafficked corridor with many shopping centers, local, and national retailers. Major national tenants include: McDonald’s, Taco Bell, Circle K, Dairy Queen, Subway, O’Reilly Auto Parts, and Burlington Coat Factory and several other quick service restaurants. Additionally, several academic institutions are within immediate proximity to the subject investment property, most notably Jefferson Community & Technical College, one of 16 two-year, open-admissions colleges of the Kentucky Community and Technical College System, has a total enrollment of over 11,000 students. The Waverly Hills Sanatorium, a closed sanatorium which is open for curious overnight guests and “ghost” tours, is located less than half a mile away from this Wendy’s and is a major tourist destination in the Louisville MSA. 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
112803820000
Land Assessment
$248,800
Improvements Assessment
$2,789,290
Total Assessment
$3,038,090
  • Listing ID: 17255309

  • Date on Market: 9/20/2019

  • Last Updated:

  • Address: 8596 Dixie Hwy, Louisville, KY 40258

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