Wendy’s 20-Year NNN Lease | 2021 Construction

Oxford, FL 34484, USA
$2,947,368

Description

Marcus & Millichap is pleased to present for sale this Brand New Wendy’s Restaurant with drive-thru located at 11639 Will O’Dell Avenue in Oxford, Florida. Oxford is an unincorporated community in Sumter County and borders Wildwood (population 6,709) to the south, Marion County (population 331,298) to the North and The Villages to the East. Ocala is 20 miles from Oxford and Orlando is 45 miles away. The Villages (An Active 55+ Community) was named one of the fastest growing U.S. cities. Between 2010 and 2017 The Villages was the fastest growing Metropolitan Area in the U.S. growing 32.8 percent. With a population over 128,000 in the Villages alone, there are 52,881 Homes and many new homesites available now. These new homesites include Camdyn Cabana Villas, Cottage Villas, Hawkins Veranda South (60 New Homesites Available), St. Catherine Designer Homesites (50+ Homesites Available), Carley Patio Villas (25 brand new available), Elise Villas, and opal Bungalow Villas.
Oxford is fast becoming a hot spot for commercial and residential development and several projects are underway. In addition to this new Wendy’s, a 19,209 square foot Aldi Store (which would be the 3rd in the area) is now open at the southwest corner of U.S. 301 and CR 466. Also in the works, is a 7-Eleven Store with eight fuel pumps and an automatic car wash. The 40 Acre Oxford Pointe Development right behind this Wendy’s has 320 homes in different stages of completion.
Minutes from this property, Triumph by D.R. Horton is coming in early 2021 and will offer 207 Homesites for brand new single family homes in the area. Also nearby is Beaumont Townhomes and Beaumont Single Family Homes by D.R. Horton.
Minutes from this Wendy’s Property is UF Health The Villages Hospital, a 307 Bed Acute-Care hospital serving The Villages, Lake, Sumter, and Marion and voted one of the top 150 Health Care places to work in 2019. There are numerous Shopping Areas in the vicinity of this property including Marion Oaks Shopping Center, Ocala West Shopping Mall and Ocala Springs Shopping Center.
This property is also minutes from Lake Griffin State Park with 620 Acres and hundreds of visitors each year. Located nearby is Eisenhower Regional Recreation Center, Spanish Springs Town Square, Old Mill Playhouse and Sharon Rose Wiechens Preserve. Wendy’s is an international fast food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio. As of January 2019, there were a total of 6,711 locations, including 363 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 31,000 plus locations.

  • Brand New Construction Wendy’s Fast Food Restaurant with Drive-Thru
  • 20-Year NNN Lease with 7.5 Percent Increases every 5 Years in Rent
  • This Wendy’s Serves The Villages; the Nation’s Fastest Growing Metro Area
  • Average Household Income Exceeds $80,000 in a Three Mile Radius
  • Nearby Retailers Include 7-Eleven, ALDI, Wawa and WalMart Supercenter
  • Florida is a Non Income Tax State

Property Documents

  • City: Oxford
  • State/county: Florida
  • Zip/Postal Code: 34484
  • Country: United States

Detail

  • Price: $2,947,368
  • Year Built: 2021

Additional details

  • CAPE RATE: 4.75%
  • NOI: $140,000

Features