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32926576
32926575

158 KEYSTONE CROSSROAD DR, SHEPHERDSVILLE, KY 40165-6005

JE
DC SP98371724, MD 643676 (+1)
Matthews
MS
PA RS375611, MD 5022133 (+1)
Listed by Matthews
$3,808,677
14 days on market
Updated 4 days ago

Wendy's

Details
APN 036-000-00-053
Property Type Retail
Square Footage 2,638
Units 1
Cap Rate 6.00%
NOI $228,520
Tenancy Single
Lease Type NNN
Remaining Term 12.8
Price per SqFt $1,443
Year Built 1986
Lot Size (SqFt) 0.8
Tenant Credit Franchisee
Ground Lease No

Wendy's NNN Investment with 10% Rental Bumps Every 5 Years

Investment highlights

• High-Traffic Location – The site directly experiences over 15,000 vehicles per day on Highway 44 and is located off Interstate 65 with 96,000+ vehicles per day. I-65 passes through three of Kentucky’s ten largest cities, connecting Bowling Green, Elizabethtown, and Louisville. This strategic positioning offers excellent visibility and accessibility.

• Passive Lease Structure – This is an Absolute NNN Lease, offering a hands-off investment opportunity that minimizes landlord responsibilities. Wendy’s passive lease structure is designed for an optimal investment experience for both local and national investors.

• Strong Rental Growth – The lease features built-in 10% rental increases every five years, and in the options period. The next rental increase is set to occur in 2029, bringing the in-place cap rate to 6.60%. This lease structure provides consistent rental growth and a hedge against inflation.

• Long-Term Operating History – Wendy’s has successfully operated at this location since 2019, initially executing a 20-year lease running through March 2039. This further demonstrates the tenant’s commitment to the site and long-term confidence in the business operation.

• Proximity to Louisville MSA – This asset is located ~15 miles directly south of Louisville, KY, which has an MSA totaling upwards of 1.2 million residents and is home to Louisville Muhammad Ali International Airport (SDF). SDF ranks as the 3rd busiest cargo airport in North America, and Shepherdsville serves as a critical market to support the local manufacturing, freight, logistics, and industrial economy.

• Strong Retail Synergy – The property is located in a dense retail corridor with a plethora of regional and national name-brand tenants that drive traffic in the area. Surrounding tenants include McDonald’s, Taco Bell, Starbucks, Panera Bread, Valvoline, KFC, Arby’s, Kroger, Walgreens, AutoZone, Goodwill and other major tenants.

Listing Contacts

JE
DC SP98371724, MD 643676 (+1)
Matthews
MS
PA RS375611, MD 5022133 (+1)
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$228,520.00
$19,043.33/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Kyle Matthews
License
221925, 239410 (KY)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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