Restaurant
Wendy’s 15 Year Lease Low Rent
145 Eglin Pkwy NE, Fort Walton Beach, FL 32548
Listing Price: $1,807,650
Investment Overview
Marcus & Millichap is pleased to present for sale this Absolute NNN Wendy’s
Hamburger Restaurant, located at 145 Eglin Parkway NE in Fort Walton Beach,
Florida. The property consists of a 2,485-square-foot freestanding building with a
drive-thru, situated on a 0.36-acre parcel. Originally built in 2004 and renovated
in 2014, the asset offers exceptional visibility and accessibility along one of the
Florida Panhandle’s most heavily traveled corridors.
The property is positioned at a hard, signalized intersection along Eglin Parkway
NE, a major north-south thoroughfare that serves as the primary commercial artery
through Fort Walton Beach and connects to nearby Gulf Coast markets, including
Panama City less than an hour away. The Wendy’s benefits from multiple points
of ingress and egress, strong daily traffic, and outstanding frontage. It is located
as an outparcel to a Winn-Dixie and Ross Dress for Less–anchored shopping
center, which draws steady consumer demand and generates consistent foot
traffic. Surrounding national retailers, established residential neighborhoods, and
stable local demographics further reinforce the site’s strong retail fundamentals.
The lease commenced on November 1, 2020, under a 20-year absolute NNN
structure with zero landlord responsibilities. With more than 15 years of base
term remaining, the lease includes scheduled rent increases of 7.5 percent every
five years and five additional 5-year renewal options, ensuring long-term income
growth and security for investors.
Wendy’s is one of the world’s most recognized quick-service restaurant (QSR)
brands, renowned for its made-to-order square hamburgers, fresh, never frozen
beef, and signature Frosty dessert. Founded by Dave Thomas in 1969, the
company has grown to more than 7,000 restaurants worldwide and generates
annual revenue in excess of $2.2 billion. With its strong brand recognition,
customer loyalty, and proven resilience, Wendy’s continues to be a leader in the
QSR sector and a reliable tenant for net lease investors.
Wendy’s 15 Year Lease Low Rent
Investment Highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- More Than 15 Years Remaining on Base Term
- Scheduled 7.5% Rent Increases Every 5 Years
- Surrounded by Established Residential Neighborhoods and National Retailers
- Less Than One Hour from Panama City | Central Gulf Coast Location
- Iconic QSR Brand | Over 7,000 Restaurants Worldwide | $2.2B+ Annual Revenue
Exclusively Listed By
Listing Price: $1,807,650
Investment Highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- More Than 15 Years Remaining on Base Term
- Scheduled 7.5% Rent Increases Every 5 Years
- Surrounded by Established Residential Neighborhoods and National Retailers
- Less Than One Hour from Panama City | Central Gulf Coast Location
- Iconic QSR Brand | Over 7,000 Restaurants Worldwide | $2.2B+ Annual Revenue
Investment Overview
Marcus & Millichap is pleased to present for sale this Absolute NNN Wendy’s Hamburger Restaurant, located at 145 Eglin Parkway NE in Fort Walton Beach, Florida. The property consists of a 2,485-square-foot freestanding building with a drive-thru, situated on a 0.36-acre parcel. Originally built in 2004 and renovated in 2014, the asset offers exceptional visibility and accessibility along one of the Florida Panhandle’s most heavily traveled corridors. The property is positioned at a hard, signalized intersection along Eglin Parkway NE, a major north-south thoroughfare that serves as the primary commercial artery through Fort Walton Beach and connects to nearby Gulf Coast markets, including Panama City less than an hour away. The Wendy’s benefits from multiple points of ingress and egress, strong daily traffic, and outstanding frontage. It is located as an outparcel to a Winn-Dixie and Ross Dress for Less–anchored shopping center, which draws steady consumer demand and generates consistent foot traffic. Surrounding national retailers, established residential neighborhoods, and stable local demographics further reinforce the site’s strong retail fundamentals. The lease commenced on November 1, 2020, under a 20-year absolute NNN structure with zero landlord responsibilities. With more than 15 years of base term remaining, the lease includes scheduled rent increases of 7.5 percent every five years and five additional 5-year renewal options, ensuring long-term income growth and security for investors. Wendy’s is one of the world’s most recognized quick-service restaurant (QSR) brands, renowned for its made-to-order square hamburgers, fresh, never frozen beef, and signature Frosty dessert. Founded by Dave Thomas in 1969, the company has grown to more than 7,000 restaurants worldwide and generates annual revenue in excess of $2.2 billion. With its strong brand recognition, customer loyalty, and proven resilience, Wendy’s continues to be a leader in the QSR sector and a reliable tenant for net lease investors.
Exclusively Listed By
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