Wendy's - Tampa-St Petersburg (Apollo Beach) FL
New Construction | Part of Brand New Shopping Center Anchored by Walmart Supercenter
Marketing description
Introducing a lucrative investment opportunity with Wendy’s at 5585 N US Hwy 41, Apollo Beach, Florida. This single-tenant absolute NNN ground lease is part of a premium Walmart Supercenter-Anchored Retail Development in a high-traffic location within the Tampa-St. Petersburg MSA. Offered at $2,907,000 with a net operating income of $125,000 and a cap rate of 4.30%, this property boasts a rentable area of 2,368 SF on 0.83 AC of land. Wendy’s, a corporate guarantor, occupies the space under a brand-new 15-year ground lease with four 5-year options to extend. With scheduled rental increases and no landlord responsibilities, this investment provides a secure income stream. The location sees over 45,000 vehicles daily, with strong demographic figures ensuring sustained growth. Don't miss this chance to acquire a prime asset in a sought-after location with a reputable tenant in place.
Investment highlights
Brand New 15-Year Ground Lease | Scheduled Rental Increases |Options to Extend | Corporate Wendy’s Location
Absolute NNN Ground Lease | Land Ownership | No State Income Tax Zero Landlord Responsibilities
Hard Corner Intersection | Walmart Supercent-Anchored Center | Excellent Visibility & Access | US Highway 41 & Interstate 75
New 84-Acre SouthShore Sports Sportsplex Development
Strong Demographics In 5-mile Trade Area | Six Figure Incomes
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