Listed by SRS Real Estate Partners Tampa
$2,737,000
Wendy's - Sarasota (Parrish) FL
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,024
Cap Rate 4.75%
NOI $130,000
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, McDonald's
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/01/2040
Remaining Term 14.5
Rent Bumps Yes
Lease Options 3 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 0.820
Zoning PD-C
Parking Spaces 29 spaces
Parking Per SqFt 14.33
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/01/2025
Ground Lease Yes
Ownership Leased Fee
Sale Condition 1031 exchange
New Construction | Part of Larger 13.4-acre Mixed-Use Development | (57,000 VPD)
Marketing description
Introducing an exceptional investment opportunity - Wendy’s at 12035 US 301 N, Parrish, Florida 34219. This single-tenant absolute NNN ground lease offers a prime location at a signalized, hard corner intersection, part of a thriving mixed-use development. The newly constructed property features a 15-year lease with Wendy’s, operated by an experienced franchisee with over 80 units and a strong growth strategy. With an attractive cap rate of 4.75% and scheduled rental increases, this investment guarantees a steady income stream. As part of a globally recognized brand with a solid credit rating, Wendy’s provides stability and growth potential. The lease includes three 5-year options to extend, ensuring long-term security for investors.
Investment highlights
- 15-Year Ground Lease | Scheduled Rental Increases |Options to Extend | New Construction
- Absolute NNN Ground Lease | Land Ownership | No State Income Tax Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Part of Larger Development |Surrounding Retailers | US-301 - Major FL Highway
- Demographics 5-Mile Trade Area | Population Growth |Six-Figure Incomes
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,000.00
$10,833.33/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
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