Restaurant
Wendy’s – Frontage on 41 (44,000 VPD)
4114 N Tamiami Trl, Sarasota, FL 34234
Listing Price: $2,514,285
Cap Rate
5.25%
Tenant Name
Wendy's
Years Remaining On Lease
13.8
Guarantor
Franchisee Guarantee
Rentable SF
2,729
Lease Type
Absolute Net
Rent Per Square Feet
$48.37
Investment Overview
4114 N Tamiami Trl, Naples, FL
Wendy’s – Frontage on 41 (44,000 VPD)
Investment Highlights
- CONTRACTUAL 10% RENT INCREASES EVERY 5 YEARS + FOUR RENEWAL OPTIONS: Rent Grows By 10% Every 5 Years, Including During The Four, 5-Year Options—Driving Over 77% NOI Growth If All Options Are Exercised
- DENSE, AFFLUENT COASTAL DEMOGRAPHICS: More Than 100,000 Residents Within 5 Miles With Average Household Incomes Surpassing $140,000—Supporting High Per Capita Consumer Spending
- ESTABLISHED WENDY'S PROTOTYPE WITH LONG-TERM OPERATING HISTORY: Built In And Operating Since 1980, The Site Demonstrates Stability And Tenant Commitment To The Location
- 20 YEAR ABSOLUTE NET LEASE WITH ZERO LANDLORD RESPONSIBILITIES: The Lease Is Structured On An Absolute-Net Basis With 14 Years Remaining On The Initial Term; Tenant Is Responsible For All Expenses Including Roof, Structure, Taxes, Insurance, And Maintenance
- NAPLES, FL — PREMIER SOUTHWEST FLORIDA COASTAL MARKET: Located In Affluent Collier County, Naples Is Known For High Net Worth Demographics, Seasonal Traffic, And Strong Retail Fundamentals With Limited Supply Constraints
- HIGH-TRAFFIC RETAIL CORRIDOR ALONG NORTH TAMIAMI TRAIL (U.S. 41): Site Benefits From Direct Frontage On Naples' Primary North-South Arterial, With 35,000+ VPD And Visibility To Dense Retail, Service, And Residential Zones
- FLORIDA IS AN INCOME-TAX-FREE, GROWTH-FOCUSED STATE: Investor-Friendly Florida Has No State Income Tax And Continues To Lead The Nation In Net Domestic In-Migration, Supporting Retail Demand And Real Estate Values
- STRONG FRANCHISEE OPERATOR WITH REGIONAL SCALE: The Lease Is Guaranteed By QFRM Holdings LLC, A Proven Multi-Unit Wendy's Franchisee Operating 80+ Locations Across Florida's Gulf Coast Region
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director / Chief Revenue Officer
Financing By
Listing Price: $2,514,285
Cap Rate
5.25%
Tenant Name
Wendy's
Years Remaining On Lease
13.8
Guarantor
Franchisee Guarantee
Rentable SF
2,729
Lease Type
Absolute Net
Rent Per Square Feet
$48.37
Investment Highlights
- CONTRACTUAL 10% RENT INCREASES EVERY 5 YEARS + FOUR RENEWAL OPTIONS: Rent Grows By 10% Every 5 Years, Including During The Four, 5-Year Options—Driving Over 77% NOI Growth If All Options Are Exercised
- DENSE, AFFLUENT COASTAL DEMOGRAPHICS: More Than 100,000 Residents Within 5 Miles With Average Household Incomes Surpassing $140,000—Supporting High Per Capita Consumer Spending
- ESTABLISHED WENDY'S PROTOTYPE WITH LONG-TERM OPERATING HISTORY: Built In And Operating Since 1980, The Site Demonstrates Stability And Tenant Commitment To The Location
- 20 YEAR ABSOLUTE NET LEASE WITH ZERO LANDLORD RESPONSIBILITIES: The Lease Is Structured On An Absolute-Net Basis With 14 Years Remaining On The Initial Term; Tenant Is Responsible For All Expenses Including Roof, Structure, Taxes, Insurance, And Maintenance
- NAPLES, FL — PREMIER SOUTHWEST FLORIDA COASTAL MARKET: Located In Affluent Collier County, Naples Is Known For High Net Worth Demographics, Seasonal Traffic, And Strong Retail Fundamentals With Limited Supply Constraints
- HIGH-TRAFFIC RETAIL CORRIDOR ALONG NORTH TAMIAMI TRAIL (U.S. 41): Site Benefits From Direct Frontage On Naples' Primary North-South Arterial, With 35,000+ VPD And Visibility To Dense Retail, Service, And Residential Zones
- FLORIDA IS AN INCOME-TAX-FREE, GROWTH-FOCUSED STATE: Investor-Friendly Florida Has No State Income Tax And Continues To Lead The Nation In Net Domestic In-Migration, Supporting Retail Demand And Real Estate Values
- STRONG FRANCHISEE OPERATOR WITH REGIONAL SCALE: The Lease Is Guaranteed By QFRM Holdings LLC, A Proven Multi-Unit Wendy's Franchisee Operating 80+ Locations Across Florida's Gulf Coast Region
Investment Overview
4114 N Tamiami Trl, Naples, FL
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director / Chief Revenue Officer
Financing By
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