124 Spring Place Dr | Mount Washington, KY 40047
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124 Spring Place Dr
Mount Washington, KY 40047
Wendy's | Well Above Avg. Sales | Recent Cons · Retail Property For Sale
Investment Highlights
- Absolute Triple Net (NNN) Lease, Single Tenant Asset Located on a Generous 1.08 Acre Parcel With Plentiful Parking
- Strong Sales Well Above Wendy’s Average Unit Volume (Please Reach Out For Details)
- Wendy’s (Nasdaq: WEN) Has Over 6,400 Locations Worldwide With Plans to Expand to 8,000 – 8,500 By the End of 2025
- Featuring ±17.5 Years Remaining on the Current Term and 10% Rental Increases Every 5 Years, Including a 10% Increase in 2± Years
- Exposure to Over 37,600 VPD at the Corner of Highway 44 and Highway 150, the Area’s Busiest Intersection
- Experienced Franchisee With 60+ Units and Decades of Combined Experience With the Wendy’s Brand
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Building Class
C
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.07 AC
Zoning
B2 - Commercial Use
Parking
45 Spaces (16.67 Spaces per 1,000 SF Leased)
Frontage
116 FT on Spring Place Drive
Amenities
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,391,730 | |
| Land Assessment | $750,000 | Total Assessment | $3,141,730 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$750,000
Improvements Assessment
$2,391,730
Total Assessment
$3,141,730
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