Restaurant
Wendy's – Top 80% of Wendy's in Florida (Placer)
2900 W Norvell Bryant Hwy, Lecanto, FL 34461
Listing Price: $2,862,000
Cap Rate
5.25%
Tenant Name
Wendy's
Years Remaining On Lease
13.4
Gross SF
2,544
Guarantor
Corporate Guarantee
Rentable SF
2,544
Price/Gross SF
$1,125.00
Lease Type
Absolute Net
Rent Per Square Feet
$59.05
Investment Overview
2900 W Norvell Bryant Hwy, Lecanto, FL
Wendy's – Top 80% of Wendy's in Florida (Placer)
Investment Highlights
- ABSOLUTE NET LEASE · NO LANDLORD RESPONSIBILITIES · STRONG REGIONAL GUARANTOR: The Property Is Secured by a 20-Year Absolute NNN Lease With 13.75 Years Remaining, Guaranteed by WenCo Restaurant Group.
- SCHEDULED RENTAL INCREASES & RENEWAL OPTIONS: 7.5% Rent Increases Every Five Years, With Four (4) Five-Year Renewal Options Providing Long-Term Income Growth.
- DYNAMIC RETAIL CORRIDOR | ADJACENT TO MAJOR RETAIL DEVELOPMENT: This Wendy's Benefits From Proximity to the Shoppes at Black Diamond, a 29-Acre Development Anchored by Target, Aldi, & Texas Roadhouse.
- HOMOSASSA SPRINGS MSA | STRONG HEALTHCARE & EDUCATION PRESENCE: Nearby Major Employers Including Citrus County School District, Citrus County Government, HCA Florida Hospital Inverness (900 Employees), and Tampa General Hospital Crystal River (500 Employees). The College of Central Florida's Citrus Campus (2,254 Students) Supports Workforce Development.
Exclusively Listed By
Broker of Record
Financing By
Restaurant
Wendy's – Top 80% of Wendy's in Florida (Placer)
Listing Price: $2,862,000
Cap Rate
5.25%
Tenant Name
Wendy's
Years Remaining On Lease
13.4
Gross SF
2,544
Guarantor
Corporate Guarantee
Rentable SF
2,544
Price/Gross SF
$1,125.00
Lease Type
Absolute Net
Rent Per Square Feet
$59.05
Investment Highlights
- ABSOLUTE NET LEASE · NO LANDLORD RESPONSIBILITIES · STRONG REGIONAL GUARANTOR: The Property Is Secured by a 20-Year Absolute NNN Lease With 13.75 Years Remaining, Guaranteed by WenCo Restaurant Group.
- SCHEDULED RENTAL INCREASES & RENEWAL OPTIONS: 7.5% Rent Increases Every Five Years, With Four (4) Five-Year Renewal Options Providing Long-Term Income Growth.
- DYNAMIC RETAIL CORRIDOR | ADJACENT TO MAJOR RETAIL DEVELOPMENT: This Wendy's Benefits From Proximity to the Shoppes at Black Diamond, a 29-Acre Development Anchored by Target, Aldi, & Texas Roadhouse.
- HOMOSASSA SPRINGS MSA | STRONG HEALTHCARE & EDUCATION PRESENCE: Nearby Major Employers Including Citrus County School District, Citrus County Government, HCA Florida Hospital Inverness (900 Employees), and Tampa General Hospital Crystal River (500 Employees). The College of Central Florida's Citrus Campus (2,254 Students) Supports Workforce Development.
Investment Overview
2900 W Norvell Bryant Hwy, Lecanto, FL
Exclusively Listed By
Broker of Record
Financing By
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