Just Closed! Wendy’s in Gulf Breeze, Florida

Just Closed! Wendy’s in Gulf Breeze, Florida

Investment Highlights:
■ Wendy’s 20-Year Absolute NNN Lease with 7.5% Increases
Every 5 Years in Rent
■ Fee Simple Lease Allowing for Depreciation
■ Complete Store Remodel Scheduled for 2022
■ Gulf Breeze has the Highest Household Income in the
Metropolitan Area | Average Household Income Exceeds
$113,000 in a 3 Mile Radius
■ Located Eight minutes from Baptist Hospital in operation
since 1951 with 326 Beds and Nine minutes from
Pensacola State College with 9,643 Students
■ 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 3191 Gulf Breeze Parkway in Gulf Breeze,
Florida. At closing, the tenant will sign a 20-Year Absolute NNN Lease
with 7.5 percent increases in rent every five years. This Wendy’s with
a drive thru is located on busy Gulf Breeze Parkway only a short drive
from Gulf Breeze Hospital with 65 Beds and Baptist Health Hospital
with 326 Beds. This Wendy’s is located minutes from Gulf Breeze Zoo
with 50 acres of 900 exotic animals and thousands of visitors each
year. Retailers in the immediate area include CVS, Wal Mart, Lowe’s,
Winn-Dixie, Beall’s, Dollar Tree and Walgreens.
Gulf Breeze is a city in Santa Rosa County Florida and a suburb of
Pensacola and the Pensacola Metropolitan Area. Its population is
6,716 and it is an affluent bedroom community with the highest
Household Income in the Metropolitan Pensacola Area. It is located
North of Pensacola Beach and south of Pensacola.
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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