Just Closed! Wendy’s in Fort Walton Beach, Florida

Just Closed! Wendy’s in Fort Walton Beach, Florida

Investment Highlights:

■ Wendy’s 20-Year NNN Lease with 7.5% Increases Every 5
Years in Rent
■ Hard Corner Signalized Intersection | Exposure to More than
50,000 Vehicles Per Day
■ Outparcel to Uptown Station | 135,000 Square Foot Lifestyle
Center Anchored by Winn Dixie, Ross, West Marine, Lumber
Liquidators and Starbucks
■ Located 10 Minutes from Fort Walton Beach Medical Center,
A 267 Bed Top Performing Hospital
■ Nearby Industries include Fastenal, GMHS International, LLC
and Electra Technical Industries
■ Wendy’s is considered an Essential Tenant
■ Florida is a No Income Tax State

Investment Overview:

Marcus & Millichap is pleased to present for sale this Wendy’s Fast
Food Restaurant located at 145 Eglin Parkway NE in Walton Beach,
Florida. At closing, the tenant will sign a 20-Year Absolute NNN Lease
with 7.5 percent increases in rent every five years. This Fast Food
Restaurant with Drive thru is situated at the hard corner signalized
intersection of Eglin Parkway and Hughes Street and experiences
very high traffic counts in excess of 50,000 Vehicles Per Day. This
Wendy’s is also situated as an outparcel to Uptown Station, a 135,000
Square Foot Lifestyle Center Anchored by Winn Dixie, Ross, West
Marine, Lumber Liquidators and Starbucks. This property is a short
ten Minute drive from Fort Walton Beach Medical Center, a 267 bed
top-performing quality care hospital with 300 physicians. Retailers in
the immediate area include Ross Dress for Less, Enterprise Rent-a
Car, Dollar General, and Massage Envy.Fort Walton Beach is a city in
the Florida Panhandle known for its fine-white sand beaches near
Okaloosa Island. Population is 22,284.
Wendy’s is an international fast food restaurant chain founded by Dave
Thomas on November 15, 1969, in Columbus, Ohio, United States. As
of January 2019, there were a total of 6,711 locations, including 353
that are company-owned. 6,358 restaurants are franchised, and 77
percent of them are located in North America. (In 2016, Wendy’s was
the world’s third largest hamburger fast-food chain, following Burger
King’s 12,000 plus locations and McDonald’s with over 31,000 plus
locations.)

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