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Wendy's - Sarasota (Parrish) FL 12035 US-301 2,024 SF Retail Building Parrish, FL 34219 $2,737,000 ($1,352.27/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Ground Lease | Scheduled Rental Increases |Options to Extend | New Construction
- Signalized, Hard Corner Intersection | Part of Larger Development |Surrounding Retailers | US-301 - Major FL Highway
- Absolute NNN Ground Lease | Land Ownership | No State Income Tax Zero Landlord Responsibilities
- Demographics 5-Mile Trade Area | Population Growth |Six-Figure Incomes
EXECUTIVE SUMMARY
• The tenant recently signed a brand new 15-year ground lease with 3 (5-year) options to extend
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• New construction which will feature high quality materials, distinct design elements, and high-level finishes
• Wendy’s and its franchisees employ hundreds of thousands of people across over 7,000 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand
• The franchisee is an experienced operator who currently operates approximately 80 Wendy’s locations as well as multiple other QSR brands
• The franchisee recently sold a 100-unit Dunkin’ portfolio while still retaining his Wendy’s units, proving their commitment to growing the Wendy’s brand
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• New construction which will feature high quality materials, distinct design elements, and high-level finishes
• Wendy’s and its franchisees employ hundreds of thousands of people across over 7,000 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand
• The franchisee is an experienced operator who currently operates approximately 80 Wendy’s locations as well as multiple other QSR brands
• The franchisee recently sold a 100-unit Dunkin’ portfolio while still retaining his Wendy’s units, proving their commitment to growing the Wendy’s brand
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,024 SF
Building Class
C
Year Built
2025
Price
$2,737,000
Price Per SF
$1,352.27
Cap Rate
4.75%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.82 AC
Zoning
PD-C - Planned Development Commercial
Parking
29 Spaces (14.33 Spaces per 1,000 SF Leased)
Frontage
85’ on U.S. 301
AMENITIES
- Corner Lot
- Freeway Visibility
- Restaurant
- Signalized Intersection
- Drive Thru
- Monument Signage
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Wendy's - Sarasota (Parrish) FL | 12035 US-301
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