Wendy’s Drive-Through
New
For Sale
$1,564,207
3301 Cane Run Rd, Louisville, KY 40211
The freestanding restaurant operates under an NNN lease backed by a franchisee guaranty.
Property Size2,640 SF
Lot Size1.06 Acres
Price / SF$592.50
Days on Market2
Property Features for 3301 Cane Run Rd
General Information
Standard status
Active
Size
2,640 SF
Lot size
1.06 Acres
Property subtype
Restaurant
Lease Type
NNN
Net Operating Income
$105,584
Site & Location
Neighborhood
Park Duvalle
Drive-Thru
Yes
Highway Access
Yes
Additional Details
Cap Rate
6.75%
Tenant in Place
Yes
Amenities
NNN Lease | ±12 Years Remaining | Zero Landlord Responsibilities
Scheduled 10% Rent Increases Every 5 Years
Four (4) 5-Year Renewal Options Franchisee Guaranty
Corner of Cane Run Road (±10,243 VPD) and Algonquin Parkway (±7,070 VPD)
Convenient Access to Interstate 264 and Downtown Louisville
107,611 Residents Within 3 Miles | 597,052 Within 10 Miles
Louisville MSA: 1.4 Million Residents
Building Details
Building Size
2,640 SF
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Oct 24
Last Checked: Oct 24 at 2:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
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Investment Insights
Based on property information with market context.
This freestanding Wendy’s drive-through restaurant contains 2,640 square feet on a 1.06-acre site. The NNN lease began in March 2019 and runs through March 2039, with approximately 12 years remaining and four five-year renewal options. A franchisee guaranty supports the lease, which provides for 10% rent increases every five years. The stated cap rate is 6.75%, and the lease assigns no landlord responsibilities.
At 3301 Cane Run Road, the property occupies the corner of Cane Run Road and Algonquin Parkway. Reported daily traffic is approximately 10,243 vehicles on Cane Run Road and 7,070 on Algonquin Parkway. Interstate 264 and Downtown Louisville are noted as accessible from the site. Nearby demand drivers include the University of Louisville, Norton Audubon Hospital, and Churchill Downs.
At 3301 Cane Run Road, the property occupies the corner of Cane Run Road and Algonquin Parkway. Reported daily traffic is approximately 10,243 vehicles on Cane Run Road and 7,070 on Algonquin Parkway. Interstate 264 and Downtown Louisville are noted as accessible from the site. Nearby demand drivers include the University of Louisville, Norton Audubon Hospital, and Churchill Downs.
Key Highlights
- 2,640‑square‑foot freestanding drive‑through restaurant on 1.06 acres
- NNN lease runs through March 2039; approximately 12 years remain
- Four five‑year renewal options and a franchisee guaranty
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 44%
Wendy's
Dining
9,493 visits/mo
0.1 miles
Dollar General
Shops & Services
6,111 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,576 visits/mo
0.2 miles
Valero Energy
Shops & Services
2,724 visits/mo
0.1 miles
Krispy Krunchy Chicken
Dining
920 visits/mo
0.1 miles
Demographics for 40211, KY
21,310
Population
11,450
Households
1.9
Avg Household Size
37
Median Age
11%
College-Educated
86%
High-School Grad
7.3 sq mi
ZIP Area
2,919
Density / Sq Mi
$32,598
Median Household Income
$28,245
Median Earnings
$925
Median Rent
$97,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Louisville, KY
Frequently Asked Questions
What type of property is this?
Drive through restaurant - The freestanding restaurant operates under an NNN lease backed by a franchisee guaranty.
Where is this drive through restaurant located?
The property is located at 3301 Cane Run Rd Louisville, KY.
What is the asking price?
The asking price for this property is $1,564,207.
What are key features of this property?
This property features: 2,640‑square‑foot freestanding drive‑through restaurant on 1.06 acres; NNN lease runs through March 2039; approximately 12 years remain; Four five‑year renewal options and a franchisee guaranty
