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Wendy's 303 E Mountain Pky

2,650 SF Retail Building Salyersville, KY 41465 £1,568,820 (£592/SF) 5.75% Net Initial Yield

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
£1,568,820
Price Per SF
£592
Net Initial Yield
5.75%
NOI
£90,207
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.69 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
149 ft on Amanda Avenue
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303 E Mountain Pky, Salyersville, KY - aerial map view

PROPERTY TAXES

Parcel Number 049-00-00-037.07 Improvements Assessment £589,876
Land Assessment £235,323 Total Assessment £825,199

PROPERTY TAXES

Parcel Number
049-00-00-037.07
Land Assessment
£235,323
Improvements Assessment
£589,876
Total Assessment
£825,199
(332) 345-4222

  • Listing ID: 32407147

  • Date on Market: 10/07/2024

  • Last Updated:

  • Address: 303 E Mountain Pky, Salyersville, KY 41465

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303 E Mountain Pky, Salyersville, KY for sale Primary Photo- Image 1 of 3
303 e mountain parkway, salyersville, KY Main
303 E Mountain Pky, Salyersville, KY for sale Aerial- Image 2 of 3
303 e mountain parkway, sayersville, ky - ariel

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© 2024 CoStar Group

Wendy's | 303 E Mountain Pky
(332) 345-4222 x

Wendy's | 303 E Mountain Pky

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Matthew Anuszkiewicz

(914) 403-7574

(914) 403-7574

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