Restaurant
Wendy's | New 15-Year NNN Corporate Ground Lease | Hyper-Growth Tampa Suburb
Victory Crossing Drive & Curley Road, Wesley Chapel (Tampa MSA), FL 33545
Listing Price: $2,747,000
Cap Rate
4.55%
Tenant Name
Wendy's
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,228
Lease Type
NNN Ground Lease
Rent Per Square Feet
$56.10
Investment Overview
Marcus & Millichap is pleased to present the Wendy's Ground Lease in Wesley Chapel, FL.
Wendy's | New 15-Year NNN Corporate Ground Lease | Hyper-Growth Tampa Suburb
Investment Highlights
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Corporate Guaranty, Third-Largest Hamburger Chain in the U.S. with 7,000+ Restaurants Globally
- Wendy's Has Reported 14 Consecutive Years of Same-Store Sales Growth
- Average Unit-Level Sales of $2.1 Million for Wendy's, Equates to a 5.9% Rent-to-Sales Ratio at This Location
- Significant Capital Investment by Tenant to Build Modern Wendy's Prototype Design
- Serving Over 72,000 Residents in Rapidly Growing Tampa Suburb
- Surrounded by Several Residential Developments, 14,300 New Homes Planned/Approved Within 3.5 Miles
- Pasco County is One of the Fastest-Growing Counties in the U.S.
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director / Chief Revenue Officer
Financing By
Restaurant
Wendy's | New 15-Year NNN Corporate Ground Lease | Hyper-Growth Tampa Suburb
Listing Price: $2,747,000
Cap Rate
4.55%
Tenant Name
Wendy's
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,228
Lease Type
NNN Ground Lease
Rent Per Square Feet
$56.10
Investment Highlights
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Corporate Guaranty, Third-Largest Hamburger Chain in the U.S. with 7,000+ Restaurants Globally
- Wendy's Has Reported 14 Consecutive Years of Same-Store Sales Growth
- Average Unit-Level Sales of $2.1 Million for Wendy's, Equates to a 5.9% Rent-to-Sales Ratio at This Location
- Significant Capital Investment by Tenant to Build Modern Wendy's Prototype Design
- Serving Over 72,000 Residents in Rapidly Growing Tampa Suburb
- Surrounded by Several Residential Developments, 14,300 New Homes Planned/Approved Within 3.5 Miles
- Pasco County is One of the Fastest-Growing Counties in the U.S.
Investment Overview
Marcus & Millichap is pleased to present the Wendy's Ground Lease in Wesley Chapel, FL.
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director / Chief Revenue Officer
Financing By
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