Absolute NNN Ground Lease | Corporate Guarantee | Tampa MSA, FL

$3,131,765

Description

Marcus & Millichap is pleased to present this Rare, Corporately Guaranteed, Wendy’s restaurant located at 4314 W Gandy Boulevard, Tampa, Florida. The subject property consists of a 2,651 square foot restaurant with a drive-thru window and ample parking on a .83 Acre Parcel of Land.
Strategically located in South Tampa Bay on West Gandy Boulevard, the property benefits from great visibility and traffic counts in excess of46,000 vehicles per day. Ideally positioned 6.4 Miles  from Downtown, the subject property is located within the Tampa-St. Petersburg MSA, which has an estimated population of 2.84 Million people, and is nearly adjacent to a Walmart Supercenter. Perfectly situated less than 1.2 miles from Two Brand-New Development sites that will feature a total of 1,800 new residences and 348 boat slips, creating a direct consumer base from which to draw. This Wendy’s is surrounded by an Impressive Roster of National Retailers including, but not limited to, McDonald’s, Dunkin Donuts, CVS, Publix, Macy’s, Wawa, Target and many more.
Wendy’s Corporate originally executed a 20-year Ground Lease and has been operating on-site for more than 15 years. This Wendy’s is Calculatedly positioned on a heavily Traveled Thoroughfare connecting St. Petersburg/ Clearwater to Tampa, which is a well-populated City with an Average Household Income north of $130,000 within a three-mile radius.
Wendy’s is an international fast food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. The Wendy’s Company (NASDAQ:WEN) is the world’s third largest quick service hamburger company (following Burger King’s 12,000 locations and McDonald’s with over 31,000 plus locations.). It includes more than 6,500 franchise and Company restaurants in the U.S. and in 29 other countries and U.S. territories worldwide (5,457 restaurants are franchised and 77 percent of them are located in North America). Its annual sales volume is over $2.06+
Billion.

  • Absolute NNN Lease with Zero Landlord Responsibility
  • Rare Corporately Guaranteed Ground Lease
  • Extremely Attractive 10% Increases Every Five Years
  • Strong Traffic Counts exceeding 46,000 Vehicles Per Day
  • Recently Remodeled | Commitment to Site
  • Adjacent to Walmart Supercenter | Strong Traffic-Driver
  • Excellent Demographics | $130,000+ AHHI
  • Florida is a No Income Tax State
  • Wendy’s is considered an Essential Tenant

Property Documents

Address

  • City: Tampa
  • State/county: Florida
  • Country: United States

Detail

  • Price: $3,131,765
  • Year Built: 2013

Additional details

  • CAP RATE: 4.25%
  • NOI: $133,100

Features

Similar Properties

Featured
AvailableNew PricingAbsolute-NetNNN
$3,954,454
AvailableNew PricingAbsolute-NetNNN

Pilot Bank 15-Year NNN Lease | Tampa, FL

408 S MacDill Ave, Tampa, FL 33609, USA

Single Tenant Net Lease

$3,954,454

Single Tenant Net Lease

Featured
ClosedNNNTriple-Net
$3,756,522
ClosedNNNTriple-Net

Service King in Tampa, FL | Absolute Triple Net Lease

1601 E Busch Blvd, Tampa, FL 33612, USA

Single Tenant Net Lease

$3,756,522

Single Tenant Net Lease