Restaurant

Wendy’s 20 Year NNN Lease Very Strong Sales

1355 N Ferdon Blvd, Crestview, FL 32536

Listing Price: $3,595,178

Cap Rate
4.65%
Tenant Name
Wendy's
Years Remaining On Lease
19.8
Gross SF
2,236
Guarantor
Franchisee Guarantee
Rentable SF
2,236
Price/Gross SF
$1,607.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$74.77

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant located at at 1395 North Ferdon Road in Crestview,
Florida. At closing, the tenant will sign a 20-Year Absolute NNN
Lease with 7.5 percent increases in rent every five years. This new
construction Wendys is situated at the signalized intersection of
Highway 85 and Airport Road and benefits as an outparcel to a newer
construction Publix Super Market Shopping Center. This property is
only a few minutes drive to Bob Sikes Airport, which supports a mix
of General Aviation and Aerospace Corporations. Many schools in
the immediate area including Crestview High School with 2,096
Students, Davidson Middle School with 1,061 Students and Walker
Elementary with 857 Students. Retailers in the immediate area
include Publix, Winn Dixie, Sonic, McDonalds, Great Clips and Tom
Thumb Convenience Stores.
Crestview is a city in Okaloosa County with a population of 20,978.
Crestview is the Principal city of the Fort Walton Beach-Crestview-
Destin Metropolitan Area. Crestview known as Hub City because of
the convergence of I-10, State Road 85, US Highway 90, Florida Gulf
& Atlantic Railroad and the Yellow River.
Wendys is an international fast food restaurant chain founded by Dave
Thomas on November 15, 1969, in Columbus, Ohio, United States. As
of January 2019, there were a total of 6,711 locations, including 353
that are company-owned. 6,358 restaurants are franchised, and 77
percent of them are located in North America. (In 2016, Wendys was
the worlds third largest hamburger fast-food chain, following Burger
Kings 12,000 plus locations and McDonalds with over 31,000 plus
locations.)

Investment Highlights

  • Wendys is considered an Essential Tenant
  • New Construction Wendys with Extremely High Sales 34% Above the National Average
  • 20-Year Absolute NNN Lease with 7.5% Increases every 5 Years in Rent
  • Located at the Signalized Intersection of Highway 85 and Airport Road
  • Outparcel to a Newly Constructed Publix Anchored Shopping Center
  • Florida is a No Income Tax State

Exclusively Listed By

Restaurant

Wendy’s 20 Year NNN Lease Very Strong Sales

Listing Price: $3,595,178

Cap Rate
4.65%
Tenant Name
Wendy's
Years Remaining On Lease
19.8
Gross SF
2,236
Guarantor
Franchisee Guarantee
Rentable SF
2,236
Price/Gross SF
$1,607.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$74.77

Investment Highlights

  • Wendys is considered an Essential Tenant
  • New Construction Wendys with Extremely High Sales 34% Above the National Average
  • 20-Year Absolute NNN Lease with 7.5% Increases every 5 Years in Rent
  • Located at the Signalized Intersection of Highway 85 and Airport Road
  • Outparcel to a Newly Constructed Publix Anchored Shopping Center
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this Wendys Fast
Food Restaurant located at at 1395 North Ferdon Road in Crestview,
Florida. At closing, the tenant will sign a 20-Year Absolute NNN
Lease with 7.5 percent increases in rent every five years. This new
construction Wendys is situated at the signalized intersection of
Highway 85 and Airport Road and benefits as an outparcel to a newer
construction Publix Super Market Shopping Center. This property is
only a few minutes drive to Bob Sikes Airport, which supports a mix
of General Aviation and Aerospace Corporations. Many schools in
the immediate area including Crestview High School with 2,096
Students, Davidson Middle School with 1,061 Students and Walker
Elementary with 857 Students. Retailers in the immediate area
include Publix, Winn Dixie, Sonic, McDonalds, Great Clips and Tom
Thumb Convenience Stores.
Crestview is a city in Okaloosa County with a population of 20,978.
Crestview is the Principal city of the Fort Walton Beach-Crestview-
Destin Metropolitan Area. Crestview known as Hub City because of
the convergence of I-10, State Road 85, US Highway 90, Florida Gulf
& Atlantic Railroad and the Yellow River.
Wendys is an international fast food restaurant chain founded by Dave
Thomas on November 15, 1969, in Columbus, Ohio, United States. As
of January 2019, there were a total of 6,711 locations, including 353
that are company-owned. 6,358 restaurants are franchised, and 77
percent of them are located in North America. (In 2016, Wendys was
the worlds third largest hamburger fast-food chain, following Burger
Kings 12,000 plus locations and McDonalds with over 31,000 plus
locations.)

Exclusively Listed By

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