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32806234
32806235

8596 Dixie Hwy, Louisville, KY 40258

VK
TX 0579633
Marcus & Millichap - Dallas
JS
TX TX 767420
Marcus & Millichap - Dallas
GF
WVB250301068
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Cleveland
$3,226,000
76 days on market
Updated 14 days ago

Wendy's (38,468 VPD)

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,803
Net Rentable (SqFt) 2,803
Units 1
Cap Rate 5.75%
NOI $185,475
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 03/17/2039
Remaining Term 12.8
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $1,151
Broker Co-Op Yes
Year Built 1977
Year Renovated 2013
Acreage 0.560
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 03/17/2019
Ground Lease No

Store Sales Exceeding $2 Million in 2025

Marketing description

Offered for sale is an absolute net lease Wendy’s located along a high-traffic commercial corridor in Louisville, Kentucky. The property consists of a freestanding, drive-thru restaurant situated along Dixie Highway, which experiences approximately 38,468 vehicles per day, providing strong visibility and consistent commuter traffic. The tenant operates under Divine Bliss Management LLC, an experienced multi-brand quick-service restaurant operator that owns and operates 45 Dunkin’ locations and recently expanded its platform through the acquisition of 22 Wendy’s restaurants.

Investment highlights

  • Absolute Net Lease with 13.1 Years Remaining | 10 Percent Rental Increases Every Five Years

  • Store Sales Exceeding $2 Million in 2025

  • Excellent Access and Visibility on Dixie Highway | 38,468 VPD | Major Commercial and Commuter Corridor

  • Dense 5-Mile Trade Area | 129,806 Residents | 99,815 Daytime Population | Proximity to Healthcare and Industrial Employment

  • Multi-Brand QSR Franchise Operator | 45 Dunkin’ Locations and 22 Wendy’s Restaurants

  • Wendy’s (NASDAQ: WEN) | 7,000+ Locations Worldwide

  • Louisville MSA | 1.3 Million Residents | Regional Logistics and Healthcare Hub

Listing Contacts

VK
TX 0579633
Marcus & Millichap - Dallas
JS
TX TX 767420
Marcus & Millichap - Dallas
GF
WVB250301068
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Cleveland

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$185,475.00
$15,456.25/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Grant Fitzgerald
License
KY 286261
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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