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Wendy's 411 Us Highway 27 S 2,761 SF Retail Building Avon Park, FL 33825 $2,331,400 ($844.40/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Attractive Rent Increases
- Zero Landlord Responsibilities
- Economic Drivers
- Corporate Tenant
- Strategic Retail Location
- High Traffic Counts
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Wendy’s Investment Property located at 411 us Highway 27 S in Avon Park, Florida (the “Property”). Wendy’s has been at this location since 2013 and has 18+ years remaining on their absolute triple-net lease with one (1), 10-year renewal option. The lease calls for attractive 1.5% annual rent increases throughout the primary lease term and the renewal option. Wendy’s is well-located along US Highway 27 S, the area’s primary commercial and commuter corridor. The Property is situated in the center of Avon Park and is surrounded by national and local retailers and restaurants that drive traffic to the area. The Property is also convenient to the area’s residential neighborhoods providing a built-in customer base. The Property is seconds from the intersection with W Main Street and offers convenient access to state roads and interstates, area schools, AdventHealth Sebring (Hospital), Avon Park Executive Airport and South Florida State College.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,761 SF
Building Class
B
Year Built/Renovated
1982/2015
Price
$2,331,400
Price Per SF
$844.40
Cap Rate
4.75%
NOI
$110,744
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.04 AC
Opportunity Zone
Yes
Zoning
C2
Frontage
138’ on US Highway 27
AMENITIES
- Corner Lot
- Restaurant
- Tenant Controlled HVAC
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | A-22-33-28-240-0000-0080 | Improvements Assessment | $426,649 |
| Land Assessment | $148,500 | Total Assessment | $575,149 |
PROPERTY TAXES
Parcel Number
A-22-33-28-240-0000-0080
Land Assessment
$148,500
Improvements Assessment
$426,649
Total Assessment
$575,149
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Wendy's | 411 Us Highway 27 S
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