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Restaurant

Wendy's Oviedo

90 W Mitchell Hammock Rd, Oviedo, FL 32765

Listing Price: $2,715,789

Cap Rate
4.75%
Tenant Name
Wendy's
Years Remaining On Lease
14.7
Guarantor
Franchisee Guarantee
Rentable SF
2,850
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.26

Investment Overview

Absolute NNN Lease with +/-15 Years Remaining on Lease Term Wendy's Has Operated at This Location Since 1993 & in 2018 Renewed Their Lease for an Additional 20-year Base Term Out Parcel to a New Sprouts Market Anchored Shopping Center –Ranked #2 Sprouts in Florida Located on a Dense Retail Corridor with Over 46K Vehicles Per Day Over 55% in Population Increase Since 2000 Average Household Income Exceeds $104,000 in a 3-Mile Radius Located Within 5 Miles of the University of Central Florida with Over 64,000 Students Annually Florida Is No Income Tax State

Investment Highlights

  • Absolute NNN Lease with +/-15 Years Remaining on Lease Term
  • Wendy's Has Operated at This Location Since 1993 & in 2018 Renewed Their Lease for an Additional 20-year Base Term
  • Out Parcel to a New Sprouts Market Anchored Shopping Center –Ranked #2 Sprouts in Florida
  • Located on a Dense Retail Corridor with Over 46K Vehicles Per Day, Over 55% in Population Increase Since 2000
  • Average Household Income Exceeds $104,000 in a 3-Mile Radius
  • Located within 5 Miles of the University Of Central Florida with Over 64,000 Students Annually
  • Florida is No Income Tax State

Exclusively Listed By

Financing By

Restaurant

Wendy's Oviedo

Listing Price: $2,715,789

Cap Rate
4.75%
Tenant Name
Wendy's
Years Remaining On Lease
14.7
Guarantor
Franchisee Guarantee
Rentable SF
2,850
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.26

Investment Highlights

  • Absolute NNN Lease with +/-15 Years Remaining on Lease Term
  • Wendy's Has Operated at This Location Since 1993 & in 2018 Renewed Their Lease for an Additional 20-year Base Term
  • Out Parcel to a New Sprouts Market Anchored Shopping Center –Ranked #2 Sprouts in Florida
  • Located on a Dense Retail Corridor with Over 46K Vehicles Per Day, Over 55% in Population Increase Since 2000
  • Average Household Income Exceeds $104,000 in a 3-Mile Radius
  • Located within 5 Miles of the University Of Central Florida with Over 64,000 Students Annually
  • Florida is No Income Tax State

Investment Overview

Absolute NNN Lease with +/-15 Years Remaining on Lease Term Wendy's Has Operated at This Location Since 1993 & in 2018 Renewed Their Lease for an Additional 20-year Base Term Out Parcel to a New Sprouts Market Anchored Shopping Center –Ranked #2 Sprouts in Florida Located on a Dense Retail Corridor with Over 46K Vehicles Per Day Over 55% in Population Increase Since 2000 Average Household Income Exceeds $104,000 in a 3-Mile Radius Located Within 5 Miles of the University of Central Florida with Over 64,000 Students Annually Florida Is No Income Tax State

Exclusively Listed By

Financing By

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