Investment Overview

Marcus & Millichap is pleased to present a single-tenant Wendy's restaurant strategically positioned in Ellenton, Florida, available individually or as part of a three-unit Wendy's portfolio spanning Bradenton, Ellenton, and Palmetto (all in Florida). This 3,064-square-foot building is secured by a new 13.5-year NNN lease backed by a dual-layer guaranty structure: a corporate guaranty from QRFM Holdings LLC, an experienced 75-unit Wendy's operator, and a personal guaranty from the operator himself, a rare combination that speaks directly to the operator's financial commitment to this location. With 10% contractual rent increases every five years, the lease is structured to deliver growing income throughout the base term. The operator behind this lease brings a track record worth noting. Quality Food Restaurant Management (QFRM) operates over 75 Wendy's locations across Florida and Indiana and recently sold a 100-unit Dunkin' portfolio while retaining its Wendy's holdings, a clear signal of long-term conviction to the Wendy’s brand. Backed by one of the world's most recognized quick-service restaurant chains with over 6,800 locations worldwide, $2.35 billion in revenue, and more than 50 years of operating history, this investment combines institutional brand strength with the added security of a seasoned, personally committed operator. The property's location on 20th Street East places it just 0.8 miles from the Interstate 75 and US-301 interchange, one of the most heavily traveled crossroads in the region, with combined traffic counts exceeding 117,000 vehicles per day. The site sits immediately adjacent to the Ellenton Premium Outlets, West Florida's largest outlet center, which draws millions of visitors annually and generates a continuous, high-volume flow of tourist and regional consumer traffic directly past the property. The surrounding retail corridor is well established, with national co-tenants including Walgreens, Dollar Tree, TJ Maxx, Starbucks, Chipotle, and Applebee's reinforcing the location's strength as a proven commercial node. Ellenton's market fundamentals tell a growth story that is difficult to ignore. Manatee County posted a 14.7% population surge between 2020 and 2024, and the momentum shows no sign of slowing, with 10,000 new homes currently under construction in the submarket. The five-mile trade area already supports 134,337 residents with average household incomes exceeding $95,000, and ongoing FDOT interchange upgrades at I-75 and US-301, combined with 246 new hotel rooms being added at the nearby outlet center, signal continued regional investment in this corridor. With a submarket retail vacancy rate of just 4.2% and a location at one of Florida's most trafficked interchanges, this offering represents a well-positioned net-lease investment in one of the state's fastest-growing markets. ________________________________________