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29183827
29183826

5240 Bardstown Rd, Louisville, KY 40291

KK
NY 10401321452
SURMOUNT
WB
NY 10401399346
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$2,828,618
143 days on market
Updated 94 days ago

Wendy's

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,767
Cap Rate 5.5%
NOI $155,574
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type NNN
Lease Term 20
Lease Expiration 03/18/2039
Remaining Term 12.8
Rent Bumps Yes
Lease Options 4, 5-Year Options
Price per SqFt $1,022
Year Built 1983
Year Renovated 2015
Acreage 1.490
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 03/18/2019
Ownership Fee Simple

Retail | 5.50% CAP | 2,767 SqFt

Marketing description

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.

Investment highlights

  • Robust Traffic Counts | The subject property is well positioned on a hard corner intersection between Bardstown Rd and S Hurstbourne Pkwy. Bardstown Rd sees an average daily traffic count of 41,937 vehicles, and S Hurstbourne Pwky averages an additional 23,866 vehicles, providing the subject property with best - in- class visibility to an array of potential customers.

  • Dense Retail Corridor | This Wendy's is located in a dense retail corridor with an array of national and local tenants, bolstering the foot traffic in the immediate area. Directly across the street sits the Piccadilly Square shopping mall, anchored by Crunch Fitness, Hibbett, Five Below, and other local tenants. Additionally, the immediate area includes Culvers' Meijer, 7 Brew Coffee, Roosters Chicken Wings, Walgreens, and two separate Circle K's, solidifying this region as an elite retail corridor.

  • Attractive Demographics | The immediate area reflects strong demographics, providing further conviction of this investment opportunity. Within a 3 mile radius of the subject property, there are over 93,000 residents, providing this Wendy's with a large pool of local, reoccurring customers. Additionally, the average household income within this same radius exceeds $87,000 annually, displaying strong purchasing power in the immediate area.

  • Strong Brand Recognition | Wendy’s operates over 6,800 restaurants worldwide across 40 countries, making it the third- largest hamburger chain globally. With a brand value estimated at $4.4 billion (2024), Wendy’s is renowned for its consistent growth, iconic square - shaped beef patties, and a loyal customer base that drives strong market presence.

Listing Contacts

KK
NY 10401321452
SURMOUNT
WB
NY 10401399346
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,574.00
$12,964.50/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Brian Brockman
License
204982
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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