Wendy’s 20 Year NNN Lease | 2021 Construction

7230 W Miss Maggie Dr, Homosassa, FL 34448, USA
$2,886,598

Description

Marcus & Millichap is pleased to present for sale this Wendy’s Restaurant with Drive Thru located in Homosassa, Florida. Homosassa is 50 miles from Tampa and 70 miles from Orlando. Homosassa is located next to the 7.7 Mile Homosassa River which flows into the Gulf of Mexico and nearby U.S. Route 19 with daily traffic counts of 19,816 and U.S. Highway 98 with daily traffic counts of over 7,100.
Ideally positioned at the hard corner signalized intersection of Suncoast Blvd and W Ponce De Leon Blvd, this property experiences traffic counts in excess of 27,000 Vehicles Per Day. This Wendy’s is just minutes from the Sugarmill Woods 7,000 Acre Deed Restricted Community with hundreds of homes and three Active communities; Southern Woods, Oak Village and Cypress Village. Also in close vicinity to the property is Publix Super Market at the Shoppes of Sugarmill Woods with retailers including Subway, Verizon, GNC, Edward Jones, Pinch-A-Penny, Dominos, Walgreens and Suntrust Bank.
Elewood Elementary with 466 Students is eight minutes from this Wendy’s, Solid Rock Christian School with 175 Students is 11 minutes from the property and Homosassa Elementary School with 403 Students is only 15 minutes from this Wendy’s. College of Central Florida Citrus Campus with over 10,000 students is located only 18 minutes from this Wendy’s.
Recreation areas in close vicinity to this property include World Woods Gulf Club only nine minutes away, and Homosassa Springs Wildlife State Park, which attracts thousands of visitors each year to see the manatees and its unique floating observatory.
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 353 that are company-owned. 6,356 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 31,000 plus locations.

  • Brand New Construction Wendy’s Fast Food Restaurant with Drive Thru
  • 20 Year Absolute NNN Lease with 7.5% Increases in Rent During the Base Term and Option Periods
  • Hard Corner Signalized Intersection with Traffic Counts Exceeding 27,000 Vehicles Per Day
  • In close proximity to Sugarmill Woods Community with hundreds of homes and 3 Communities including Southern Woods, Oak Village and Cypress Village
  • Across the street from Publix Super Market at Shoppes of Sugarmill Woods with retailers including Subway, Verizon, GNX, Edward Jones, Pinch-A-Penny, Dominos, Walgreens and Truist Bank
  • Nearby schools include Elewood Elementary (466 Students), Homosassa Elementary School (403 Students) and Solid Rock Christian School (175 Students)
  • Florida is a No Income Tax State

Property Documents

  • City: Homosassa
  • State/county: Florida
  • Zip/Postal Code: 34448
  • Country: United States

Detail

  • Price: $2,886,598
  • Year Built: 2021

Additional details

  • CAP RATE: 4.85%
  • NOI: $140,000

Features