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Wendy’s NNN Absolute-Net | Lecanto, FL

1993 N Lecanto Hwy, Lecanto, FL 34461, USA
$2,600,000

Description

Marcus & Millichap is pleased to offer for sale this newly constructed, absolute net leased, sale lease back, Wendy’s located at 1993 N Lecanto Highway. Lecanto, Florida 34461, directly across from a Walmart Super Center.
The subject property consists of a 2,544 square foot restaurant and it is strategically located on at the signalized intersection of North Lecanto highway and West Norvell Bryant Highway, with combined daily traffic counts in excess of 27,000 vehicles per day, and benefits from over 38,000 full time residences with a house hold income exceeding $66,000 annually.
The subject property benefits from close to 1.5 acres parcel. There are numerous National and Regional retailers in the immediate area including a brand new Wawa, Walmart Super Store, McDonald’s, Circle K, and Shell among others.
Wendy’s is an international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. As of March 1999, Wendy’s was the world’s third largest hamburger fast food chain with approximately 6,650 locations, following Burger King’s 12,000 plus locations and McDonald’s’ 31,000 plus locations.

  • Absolute Net Lease “No Landlord Responsibility”
  • Explosive Population Growth With Numerous New Homes Being Built In The Immediate Vicinity
  • Over 38,000 Residents in the Market Area with an Average HHI Exceeding $66,000
  • Brand New 2018 Construction
  • New Wendy’s Prototype on Large, Close to 1.5 Acre Parcel
  • Directly Across from Walmart Super Center
  • Guarantee from 214 Unit Operating Company
  • 7.5% Increases every 5 years

Property Documents

  • City: Lecanto
  • State/county: Florida
  • Zip/Postal Code: 34461
  • Country: United States

Detail

  • Price: $2,600,000

Additional details

  • CAP Rate: 5.00%
  • NOI: $130,000

Features