135 Palm Bay Rd NE
West Melbourne, FL 32904
Wendy's · Retail Property For Sale

Pleased to present this Wendy’s located at 135 Palm Bay Road, West Melbourne, Florida. The subject property is a 3,075 square-foot single-tenant building on 1.32 acres of land. There are 6 years remaining and (4) 5-year options on the absolute-net (NNN) fee-simple lease with no Landlord responsibilities. The offering provides base rent with a 7.5 percent increase every five years. This property is located in Melbourne, Florida, less than a block away from interstate 95 and less than eight miles to Orlando Melbourne International Airport. This Wendy’s is an out parcel to a Publix Anchored retail center with Regions Bank, Chase Bank, and Pet Supermarket. Wendy’s is the world’s third-largest quick-service restaurant company in the hamburger sandwich segment. Wendy’s is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving high-quality food. As of March 31, 2019, there were 6,710 Wendy’s restaurants in operation. Of these restaurants, 358 were operated by the Company, with the remaining being operated by franchisees. All of Wendy’s company-operated restaurants are located in the United States. The Starboard Group was founded in 1998 when Andrew Levy, the current CEO, purchased 5 restaurants in Pennsylvania. Currently, the Starboard Group operates over 182 Wendy’s restaurants in Alabama, Florida, Illinois, Michigan, Missouri, New Jersey, Pennsylvania, Virginia, and Wisconsin markets. With over 5,400 employees and $260MM in annual sales, The Starboard Group was recently ranked 32nd in the Franchise Times Restaurant Monitor 200, which ranks the largest multi-unit franchisors in the United States. Starboard operates in the US and Brazil. In 2015, Starboard established a Wendy’s Brazil Joint Venture that secured Master Franchisor rights to the country, and in 2016 opened the first Wendy’s Restaurant in Sao Paulo. Today, the Company operates 5 restaurants in Brazil.