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Wendy's – High Performing Location - 6.1% RTS 2900 W Norvell Bryant Hwy 2,544 SF Retail Building Lecanto, FL 34461 $2,662,000 ($1,046.38/SF) 5.25% Cap Rate
Investment Highlights
- Property Is Secured by 20-Year Absolute NNN Lease W/ 13.25 Years Remaining, Guaranteed by WenCo Restaurant Group, LLC (39 Units)
- Located Along W. Norvell Bryant Hwy, This Wendy’s Benefits From Proximity to the Shoppes at Black Diamond, a 29-Acre Development
- 7.5% Rent Increases Every Five Years, With Four (4) Five-Year Renewal Options Providing Long-Term Income Growth
- Nearby Major Employers Including Citrus County School District, Citrus County Government, HCA Florida Hospital Inverness (900 Employees), etc
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,544 SF
Building Class
B
Year Built
2018
Price
$2,662,000
Price Per SF
$1,046.38
Cap Rate
5.25%
NOI
$139,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.47 AC
Zoning
PSO - Professional Services/Office District
Frontage
289’ on West Norvell Bryant Highw
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Wendy's
- Accommodation and Food Services
- -
- -
- Triple Net
- Oct 2038
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Wendy's | Accommodation and Food Services | - | - | Triple Net | Oct 2038 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18E-18S-22-0010-00000-1370 | Improvements Assessment | $616,250 |
| Land Assessment | $208,740 | Total Assessment | $824,990 |
Property Taxes
Parcel Number
18E-18S-22-0010-00000-1370
Land Assessment
$208,740
Improvements Assessment
$616,250
Total Assessment
$824,990
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Wendy's – High Performing Location - 6.1% RTS | 2900 W Norvell Bryant Hwy
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