Wendy's | 303 E Mountain Pky
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Wendy's 303 E Mountain Pky
2,650 SF Retail Building Salyersville, KY 41465 $2,000,000 ($755/SF) 5.75% Cap Rate
Investment Highlights
- Dense Retail Corridor
- Close Proximity to Academic Institution
- Strong Traffic Counts
Executive Summary
NNN Pro and Bang Realty are pleased to present the exclusive listing for a Wendy's located at 303 E. Mountain Parkway, Salyersville, KY 41465. The site consists of roughly 2,650 rentable square feet of building space on an estimated 0.69-acre parcel of land. This Wendy's is subject to a 20 Years-year Sale Lease Back lease which will commence upon close of escrow. The annual rent will be $115,000 and has scheduled increases of 1.50% Annual Increases over the 20-Year Term.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
2,650 SF
Building Class
C
Year Built
1990
Price
$2,000,000
Price Per SF
$755
Cap Rate
5.75%
NOI
$115,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.69 AC
Opportunity Zone
Yes
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
149 FT on Amanda Avenue
PROPERTY TAXES
Parcel Number | 049-00-00-037.07 | Improvements Assessment | $752,000 |
Land Assessment | $300,000 | Total Assessment | $1,052,000 |
PROPERTY TAXES
Parcel Number
049-00-00-037.07
Land Assessment
$300,000
Improvements Assessment
$752,000
Total Assessment
$1,052,000
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Wendy's | 303 E Mountain Pky
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