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Wendy's | New Relocation Store 820 N 15th St 3,130 SF Retail Building Immokalee, FL 34142 $2,632,000 ($840.89/SF) 4.75% Cap Rate
Investment Highlights
- Experienced Multi-Unit Guarantor/Operator Across Varying Concepts in QSR Sector, currently operating 80±Wendy’s Locations
- Guarantor/Operator Reinforced Commitment to Wendy’s Operation after Exiting Dunkin’ Portfolio of Over 100 Units & Retaining Wendy’s Locations
- Attractive 10.00% Rental Increases Every 5 Years including Options
- New Relocation Store replacing Historically Successful Unit in the Subject Market
- Tenant to Pay and Maintain All Aspects of the Property (Ground Lease) – No Landlord Obligations
Executive Summary
CBRE is pleased to present the exclusive listing for the Wendy’s located at 830 N. 15th Street in Immokalee, Florida. The property includes a 1,495-square-foot building situated on 0.71 acres. It will be subject to a new 20-year ground lease featuring four (4) additional five-year renewal options. The initial annual base rent will be $125,000, beginning in Year 1. The lease provides for 10% rental escalations every five years throughout both the base term and the renewal option periods.
The subject property benefits from being within walking distance of several academic institutions that collectively serve nearly 7,000 students. This includes approximately 1,400 students at the nearby middle school, 2,055 students at the high school, and an additional ~3,500 students across the adjacent technical college and elementary school. This dense daytime population generates consistent foot traffic and supports strong demand for quick-service restaurant operators in the immediate area.
The subject property benefits from being within walking distance of several academic institutions that collectively serve nearly 7,000 students. This includes approximately 1,400 students at the nearby middle school, 2,055 students at the high school, and an additional ~3,500 students across the adjacent technical college and elementary school. This dense daytime population generates consistent foot traffic and supports strong demand for quick-service restaurant operators in the immediate area.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
3,130 SF
Building Class
B
Year Built
2026
Price
$2,632,000
Price Per SF
$840.89
Cap Rate
4.75%
NOI
$125,020
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
C-4-SR29CO - Commercial - 4
Frontage
179’ on N 15th Street
Amenities
- Bus Line
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 52659910049 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $503,313 |
Property Taxes
Parcel Number
52659910049
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$503,313
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