Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute NNN Corporate backed Wendy’s located at 4840 Park Street N in St. Petersburg, Florida within the Tampa MSA. The subject property consists of a 2,640 square-foot freestanding building with a drive-thru and is situated on a spacious .81-acre parcel of land. Strategically positioned at the signalized intersection of Park Street North, the property sits at the entrance of a Kohl’s +Sephora-anchored shopping center, which also includes Ross Dress for Less, Total Wine, and several other serviceoriented tenants. This prime location offers exceptional visibility and great access. Fronting a major north-south thoroughfare, the property also benefits from exposure to over 29,000 vehicles per day, and proximity to nearby US Highway 19, which sees more than 45,000 vehicles daily. The surrounding area features a strong mix of national and regional retailers, including Target, Steak ‘n Shake, Verizon, Truist, Publix, Aspen Dental, Walgreens, Carrabba’s Italian Grill, Walmart Supercenter, and many others. The subject property, originally built in 2012, is secured by a corporateguaranteed absolute NNN ground lease. The lease extends through June 30, 2026, with six five-year renewal options and 10% rent increases every five years. Wendy’s is one of the world’s leading fast-food burger chains, known for its fresh, never frozen beef, signature square-shaped burgers, and high-quality ingredients. Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s has built a strong brand centered around innovation, customer satisfaction, and a commitment to fresh, made-to-order meals. The chain’s flagship menu items include the iconic Dave’s Single, Spicy Chicken Sandwich, and Frosty desserts, along with a variety of salads, chicken nuggets, and breakfast options. With thousands of locations worldwide, Wendy’s continues to grow its presence, leveraging modern digital ordering, drive-thru convenience, and an expanding global footprint to remain competitive in the quick-service restaurant (QSR) industry.