Restaurant

Wendy's

13135 US-301, Dade City, FL 33525

Listing Price: $1,561,000

Cap Rate
6.20%
Tenant Name
Starboard Group of Tampa, LLC
Years Remaining On Lease
5.9
Guarantor
Regional Franchisee
Rentable SF
2,800
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.57

Investment Overview

Marcus & Millichap is pleased to present Wendy’s in Dade City, Florida. A truly unique investment opportunity to purchase an iconic brand with excellent real estate site fundamentals in a very strong Florida market.  Offered at a 6.20 percent capitalization rate, this rare property offering includes zero landlord responsibilities with over 6 years remaining on an absolute NNN Lease. The property is perfectly situated in the epicenter of this highly desirable retail and dining destination. Centrally located within the main retail corridor, the property is surrounded by other National Credit Tenants such as McDonalds, Dunkin and KFC creating a true dining destination. For $1.5MM, this asset provides an investor a rare opportunity to purchase a true pride of ownership asset. In the immediate area surrounding the subject property there are numerous retail and hotel developments under construction which ensures enhanced positioning of this property to appreciate in value in the future. 

Investment Highlights

  • Low Rent at $34.57 Per Foot
  • 6.3 Years Remaining on an Absolute NNN Lease
  • 6.68 % Base Term Blended Cap Rate
  • Recession, E-commerce and Pandemic Resistant Concept
  • Proven Location with 32+ Year Operating History
  • Starboard Group: Operates 180 Wendy's Restaurants & Ranked 32nd in the Monitor 200 List of the Largest Franchisees in the U.S.
  • Located on the Main Retail Corridor Through Dade City
  • Located in One of the Fastest Growing MSA's in the U.S.

Exclusively Listed By

Listing Price: $1,561,000

Cap Rate
6.20%
Tenant Name
Starboard Group of Tampa, LLC
Years Remaining On Lease
5.9
Guarantor
Regional Franchisee
Rentable SF
2,800
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.57

Investment Highlights

  • Low Rent at $34.57 Per Foot
  • 6.3 Years Remaining on an Absolute NNN Lease
  • 6.68 % Base Term Blended Cap Rate
  • Recession, E-commerce and Pandemic Resistant Concept
  • Proven Location with 32+ Year Operating History
  • Starboard Group: Operates 180 Wendy's Restaurants & Ranked 32nd in the Monitor 200 List of the Largest Franchisees in the U.S.
  • Located on the Main Retail Corridor Through Dade City
  • Located in One of the Fastest Growing MSA's in the U.S.

Investment Overview

Marcus & Millichap is pleased to present Wendy’s in Dade City, Florida. A truly unique investment opportunity to purchase an iconic brand with excellent real estate site fundamentals in a very strong Florida market.  Offered at a 6.20 percent capitalization rate, this rare property offering includes zero landlord responsibilities with over 6 years remaining on an absolute NNN Lease. The property is perfectly situated in the epicenter of this highly desirable retail and dining destination. Centrally located within the main retail corridor, the property is surrounded by other National Credit Tenants such as McDonalds, Dunkin and KFC creating a true dining destination. For $1.5MM, this asset provides an investor a rare opportunity to purchase a true pride of ownership asset. In the immediate area surrounding the subject property there are numerous retail and hotel developments under construction which ensures enhanced positioning of this property to appreciate in value in the future. 

Exclusively Listed By

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