www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29668740
29668741

5585 N U.S. Hwy 41, Apollo Beach, FL 33572

WW
FL SL3257920
SRS Real Estate Partners Tampa
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Tampa
$2,778,000
247 days on market
Updated 101 days ago

Wendy's - Tampa-St Petersburg (Apollo Beach) FL

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,368
Cap Rate 4.5%
NOI $125,000
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, McDonald's (+1)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/31/2040
Remaining Term 14.4
Rent Bumps Yes
Lease Options 4 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 0.830
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/01/2025
Ground Lease Yes
Ownership Leased Fee
Sale Condition 1031 exchange

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

Listing Contacts

WW
FL SL3257920
SRS Real Estate Partners Tampa
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Tampa

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,000.00
$10,416.67/mo

Valuation Metrics

0
DSCR
4.5%
Cap Rate
4.5%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Patrick Nutt
License
FL License No. BK3120739
Brokerage
SRS Real Estate Partners-SOFLO LLC
Title
Broker of Record
Name
William Wamble
License
SL3257920
Name
Patrick Nutt
License
BK3120739
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591