Just Listed! Wendy’s in Crestview, Florida Price: $3,595,178 Cap Rate: 4.65

Just Listed! Wendy’s in Crestview, Florida  Price: $3,595,178  Cap Rate: 4.65

Investment Highlights:

■ New Construction Wendy’s with Extremely High Sales (34%
Above the National Average – See Listing Agents for Details)
■ 20-Year Absolute NNN Lease with 7.5% Increases every 5
Years in Rent
■ Located at the Signalized Intersection of Highway 85 and
Airport Road : Exposure to More than 30,000 Vehicles Per
Day
■ Outparcel to a Newly Constructed Publix Anchored
Shopping Center
■ Directly Across the Street from Davidson Middle School
(1,061 Students) and Crestview High School (2,096
Students)
■ Only a few minutes from Bob Sikes Airport (Publicly Owned
and Supports General Aviation and Aerospace Corporations)
■ 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 at 1395 North Ferdon Road in Crestview,
Florida. At closing, the tenant will sign a 20-Year Absolute NNN
Lease with 7.5 percent increases in rent every five years. This new
construction Wendy’s is situated at the signalized intersection of
Highway 85 and Airport Road and benefits as an outparcel to a newer
construction Publix Super Market Shopping Center. This property is
only a few minutes drive to Bob Sikes Airport, which supports a mix
of General Aviation and Aerospace Corporations. Many schools in
the immediate area including Crestview High School with 2,096
Students, Davidson Middle School with 1,061 Students and Walker
Elementary with 857 Students. Retailers in the immediate area
include Publix, Winn Dixie, Sonic, McDonald’s, Great Clips and Tom
Thumb Convenience Stores.
Crestview is a city in Okaloosa County with a population of 20,978.

Crestview is the Principal city of the Fort Walton Beach-Crestview-
Destin Metropolitan Area. Crestview known as “Hub City” because of

the convergence of I-10, State Road 85, US Highway 90, Florida Gulf
& Atlantic Railroad and the Yellow River.
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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