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Restaurant

Wendy's

15021 Tamiami Trail, North Port, FL 34287

Listing Price: $2,422,756

Cap Rate
4.50%
Tenant Name
Wendy's
Years Remaining On Lease
18.0
Guarantor
Franchisee Guarantee
Rentable SF
2,946
Lease Type
Absolute Net
Rent Per Square Feet
$37.01

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Wendy’s a single-tenant property located at 15021 Tamiami Trail, North Port, Florida 34287. The subject property is comprised of 2,946 square feet and was built in 1993. The building sits on a large 1.04-acre lot located at the intersection of Tamiami Trial & South Sumter Boulevard which oversees a combined ±39,000 Vehicles Per Day. Operated by QFRM Holdings LLC, Wendy’s has 18-years remaining on the absolute-net lease with 10% increases every 5-years. The Wendy’s Company (NASDAQ: WEN) is the world’s third largest quick-service hamburger company. Founded in 1969, the Wendy’s system includes more than 6,800 franchise and Company restaurants across the United State and 29 countries worldwide. As of 2021, Wendy’s is the #2 hamburger chain in the United States by sales behind McDonald’s. Wendy’s system sales increased by 4.8% last year to $10.2 billion, while Burger King sales dropped by 5.4% to $9.6 billion. The Company achieved its two highest quarterly Global same restaurant sales results in over 15 years, while also launching their highly successful breakfast menu. Wendy’s reported global sales of $11.339 Million, up from $1.709 Billion in 2019, and continued to exhibit robust growth with 147 restaurants opened in 2020. Wendy’s is known for its square hamburgers, chicken sandwiches, sea salt fries, and their signature Frosty. In 2020, the Chain launched its morning menu, and now generates 7% of its sales from breakfast with an eye on hitting 10% in 2021.

Investment Highlights

  • Absolute-Net Lease: 18-Years Remain on Lease with 10% Increases Every 5-Years and Four, 5-Year Options to Extend
  • Premier Franchisee Operator: Quality Food Restaurant Management "QFRM" Operates 79 Wendy's Locations Across Indiana & Florida
  • High Visibility & Ease of Access: Located on Tamiami Trail which Oversees ±39,000 Vehicles Per Day; Tamiami Trail is a Major Thoroughfare in the Fort Meyers Metro

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $2,422,756

Cap Rate
4.50%
Tenant Name
Wendy's
Years Remaining On Lease
18.0
Guarantor
Franchisee Guarantee
Rentable SF
2,946
Lease Type
Absolute Net
Rent Per Square Feet
$37.01

Investment Highlights

  • Absolute-Net Lease: 18-Years Remain on Lease with 10% Increases Every 5-Years and Four, 5-Year Options to Extend
  • Premier Franchisee Operator: Quality Food Restaurant Management "QFRM" Operates 79 Wendy's Locations Across Indiana & Florida
  • High Visibility & Ease of Access: Located on Tamiami Trail which Oversees ±39,000 Vehicles Per Day; Tamiami Trail is a Major Thoroughfare in the Fort Meyers Metro

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Wendy’s a single-tenant property located at 15021 Tamiami Trail, North Port, Florida 34287. The subject property is comprised of 2,946 square feet and was built in 1993. The building sits on a large 1.04-acre lot located at the intersection of Tamiami Trial & South Sumter Boulevard which oversees a combined ±39,000 Vehicles Per Day. Operated by QFRM Holdings LLC, Wendy’s has 18-years remaining on the absolute-net lease with 10% increases every 5-years. The Wendy’s Company (NASDAQ: WEN) is the world’s third largest quick-service hamburger company. Founded in 1969, the Wendy’s system includes more than 6,800 franchise and Company restaurants across the United State and 29 countries worldwide. As of 2021, Wendy’s is the #2 hamburger chain in the United States by sales behind McDonald’s. Wendy’s system sales increased by 4.8% last year to $10.2 billion, while Burger King sales dropped by 5.4% to $9.6 billion. The Company achieved its two highest quarterly Global same restaurant sales results in over 15 years, while also launching their highly successful breakfast menu. Wendy’s reported global sales of $11.339 Million, up from $1.709 Billion in 2019, and continued to exhibit robust growth with 147 restaurants opened in 2020. Wendy’s is known for its square hamburgers, chicken sandwiches, sea salt fries, and their signature Frosty. In 2020, the Chain launched its morning menu, and now generates 7% of its sales from breakfast with an eye on hitting 10% in 2021.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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