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Wendy's - Prime Location | Secure Long-Term 3880 Flagg Ln 3,408 SF Retail Building Lake Mary, FL 32746 $3,500,000 ($1,027.00/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs and maintenance.
- Featuring over 14 years remaining on the lease term, ensuring a hands-off income stream for many years to come.
- E-Commerce and Recession-Resistant Tenant
- This well-established Wendy’s location has been operating successfully for over a decade, delivering strong performance since its opening in 2014.
- 10% rental increases every five years provides consistent rent growth and ensuring long-term investment value growth for investors.
- Tenant is a well-established and successful operator with 32 years of experience operating Wendy’s locations, currently managing 46 restaurants.
EXECUTIVE SUMMARY
Florida Broker of Record: DPJRE LLC - License #CQ1067854
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,408 SF
Building Class
B
Year Built/Renovated
1992/2014
Price
$3,500,000
Price Per SF
$1,027.00
Cap Rate
5%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.04 AC
Zoning
C-2 - Retail Commercial
AMENITIES
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 18-20-30-510-0000-0020 | Improvements Assessment | $567,584 |
| Land Assessment | $750,760 | Total Assessment | $1,318,344 |
PROPERTY TAXES
Parcel Number
18-20-30-510-0000-0020
Land Assessment
$750,760
Improvements Assessment
$567,584
Total Assessment
$1,318,344
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Wendy's - Prime Location | Secure Long-Term | 3880 Flagg Ln
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