Wendy's
Salyersville, KY
Key Details
| Price: | $2,000,000 |
|---|---|
| Cap Rate: | 5.75% |
| Annual Rent: | $115,000 |
| Address: | East Mountain Parkway Frontage Road, Salyersville, Kentucky 41465 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.69 Acres |
| Building Size: | 2,650 SF |
| Year Built: | 1990 |
NNN Pro and Bang Realty are pleased to present the exclusive listing for a Wendy's located at East Mountain Parkway Frontage Road, Salyersville, Kentucky 41465. The site consists of roughly 2650 rentable square feet of building space on an estimated 0.69-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $115,000 and has scheduled increases of 1.50% Annually.
About the Investment
- Dense Retail Corridor | McDonald's, Taco Bell, Dollar General, Shell, Dairy Queen, Advanced AutoParts, Little Caesars, O'Reily Auto Parts, Dollar Tree, Subway, and Many More
- Strong Traffic Counts | E. Mountain Parkway | Over 16,200 Vehicles Daily
- Close Proximity to Academic Institution | Magoffin County High School | Total Enrollment of 637 Students | Located 1- Mile From Subject Property
Key Details
| Price: | $2,000,000 |
|---|---|
| Cap Rate: | 5.75% |
| Annual Rent: | $115,000 |
| Address: | East Mountain Parkway Frontage Road, Salyersville, Kentucky 41465 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.69 Acres |
| Building Size: | 2,650 SF |
| Year Built: | 1990 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
Gavin Menchel
gmenchel@nnnpro.com
License: NY: 10401381930
Broker of Record
Brian Brockman
Bang Realty, Inc
License: 204982
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.