1355 N Ferdon Blvd, Crestview, FL 32536
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.)
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.)
