Wendy's - Publix Outparcel | New 20-yr NNN Ground Lease
New Construction | Orlando, FL MSA
Marketing description
CBRE is pleased to present the exclusive listing for the Wendy’s located at 4064 Zanzibar Way in Sanford, Florida. The property includes a 2,228‑square‑foot building situated on 0.95± acres. It will be subject to a new 20‑year ground lease featuring three (3) additional five‑year renewal options. The initial annual base rent will be $110,000, beginning in Year 1. The lease provides for 8% rental escalations every five years throughout both the base term and the renewal option periods.
The subject property is strategically situated as an outparcel in Queen’s Crossing, a brand-new Publix-anchored shopping center benefiting from traffic generated by the diverse tenant mix. Subject also benefits from its direct frontage to E Lake Mary BLVD (23,000±AADT) and close proximity to SR-46 (27,000±AADT) and the Orlando-Sanford International Airport located 4±miles from Subject, which handled more than 3±million passengers in 2025.
Investment highlights
- Brand-New Construction | Publix-Anchored Center Outparcel
- Conveniently Situated on Right-hand side of Roadway Exposing Subject to Commuter Traffic
- High-Growth Immediate Area | Massive Increase in Development for Commercial & Multi-Family with more than 1,186±New Homes under construction within 5-Mile Radius
- Close Proximity to Orlando-Sanford International Airport | Handled over 3± million Total Passengers (2025)
- Corporate-Guaranteed ‘NNN’ Ground Lease | Tenant to Pay and Maintain All Aspects of the Property – No Landlord Obligations
- Attractive 8.00% Rental Increases Every 5 Years including Options
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