3-Unit Wendy's Florida Portfolio
Retail | 5.25% CAP | 8,582 SqFt
Marketing description
Marcus and Millichap is pleased to present this offering memorandum for a portfolio of three single-tenant Wendy's properties in prime retail corridors of Palmetto, Bradenton, and Ellenton, Florida. These freestanding quick-service restaurants are strategically positioned, offering exceptional visibility and inherent ingress and egress advantages in highly desirable markets within Manatee County.
The properties benefit from strong demographic profiles and growing customer bases across all three locations, with robust population growth rates and average household incomes exceeding $80,900 in the trade areas. The surrounding markets demonstrate strong household fundamentals, supported by continued residential expansion and economic growth throughout the Bradenton-Sarasota-North Port metropolitan area.
The NNN lease structure provides investors with passive income streams while minimizing landlord responsibilities. Scheduled 10% rental escalations every five years provide secure, growing cash flow and serve as a strong hedge against inflation. The combination of long-term NNN leases, scheduled rent increases, national brand recognition from Wendy's, and strategic positioning within high-growth Florida markets creates an attractive opportunity for investors seeking stable, long-term cash flow with strong appreciation potential in income tax-free Florida.
Investment highlights
- New 13.5-Year NNN lease
- Portfolio of three Wendy's locations in strong Florida markets
- 13.5-year NNN leases with 10% rent increases every 5 years
- Guaranteed by QRFM Holdings LLC (80+ Units) and Tim Cloe
- $429,000 in annual rental income
- Located in Palmetto, Bradenton, and Ellenton, FL
- Positioned along high-traffic retail corridors
- Surrounded by major tenants including Walmart, Publix, Aldi, Walgreens, CVS, and Dollar Tree
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