Restaurant
Wendy’s – Anchored by Home Depot
19680 Cochran Blvd, Port Charlotte, FL 33948
Listing Price: $1,650,000
Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
13.8
Guarantor
Franchisee Guarantee
Rentable SF
2,752
Lease Type
Absolute Net
Rent Per Square Feet
$29.98
Investment Overview
19680 Cochran Blvd., Port Charlotte, FL
Wendy’s – Anchored by Home Depot
Investment Highlights
- 20 YEAR ABSOLUTE NET LEASE WITH ZERO LANDLORD RESPONSIBILITIES: The Lease Is Structured On An Absolute-Net Basis With 14 Years Remaining On The Initial Term
- CONTRACTUAL 10% RENT INCREASES EVERY 5 YEARS + FOUR RENEWAL OPTIONS: Built-In 10% Rent Escalations Every Five Years Through The Base Term And Four 5-Year Options
- 1-ACRE PARCEL WITH DRIVE-THRU EQUIPPED WENDY'S PROTOTYPE: Built In 2004 On A Full Acre, The 2,752 SF Building Features Drive-Thru Infrastructure And Ample Parking
- OPERATED BY EXPERIENCED 80+ UNIT WENDY'S FRANCHISEE: Lease Is Guaranteed By QFRM Holdings LLC, A Florida-Based Franchisee Led By Tim Cloe, Operating Approximately 80+ Wendy's Locations Across The Gulf Coast
- POSITIONED ALONG COCHRAN BOULEVARD RETAIL CORRIDOR: High-Visibility Site Located Near Major Retail Anchors, Medical Offices, And Residential Communities With Direct Access To U.S. 41 (Tamiami Trail)
- STRONG SURROUNDING DEMOGRAPHICS WITH 100K+ POPULATION IN 5-MILE RADIUS: Over 100,000 Residents Within 5 Miles, Along With Stable Year-Round and Seasonal Population; Local Household Incomes Exceed $76,000 In The Surrounding Area
- PORT CHARLOTTE—EXPANDING SOUTHWEST FLORIDA MARKET: Located In Charlotte County, Port Charlotte Is Experiencing Steady Growth Fueled By Affordable Housing, Gulf Coast Access, And Infrastructure Expansion
- FLORIDA'S INCOME-TAX-FREE, PRO-GROWTH INVESTMENT CLIMATE: The Asset Is Located In A No-State-Income-Tax Jurisdiction With A Pro-Business Environment, Making It An Attractive Long- Term Investment Destination
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director / Chief Revenue Officer
Financing By
Listing Price: $1,650,000
Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
13.8
Guarantor
Franchisee Guarantee
Rentable SF
2,752
Lease Type
Absolute Net
Rent Per Square Feet
$29.98
Investment Highlights
- 20 YEAR ABSOLUTE NET LEASE WITH ZERO LANDLORD RESPONSIBILITIES: The Lease Is Structured On An Absolute-Net Basis With 14 Years Remaining On The Initial Term
- CONTRACTUAL 10% RENT INCREASES EVERY 5 YEARS + FOUR RENEWAL OPTIONS: Built-In 10% Rent Escalations Every Five Years Through The Base Term And Four 5-Year Options
- 1-ACRE PARCEL WITH DRIVE-THRU EQUIPPED WENDY'S PROTOTYPE: Built In 2004 On A Full Acre, The 2,752 SF Building Features Drive-Thru Infrastructure And Ample Parking
- OPERATED BY EXPERIENCED 80+ UNIT WENDY'S FRANCHISEE: Lease Is Guaranteed By QFRM Holdings LLC, A Florida-Based Franchisee Led By Tim Cloe, Operating Approximately 80+ Wendy's Locations Across The Gulf Coast
- POSITIONED ALONG COCHRAN BOULEVARD RETAIL CORRIDOR: High-Visibility Site Located Near Major Retail Anchors, Medical Offices, And Residential Communities With Direct Access To U.S. 41 (Tamiami Trail)
- STRONG SURROUNDING DEMOGRAPHICS WITH 100K+ POPULATION IN 5-MILE RADIUS: Over 100,000 Residents Within 5 Miles, Along With Stable Year-Round and Seasonal Population; Local Household Incomes Exceed $76,000 In The Surrounding Area
- PORT CHARLOTTE—EXPANDING SOUTHWEST FLORIDA MARKET: Located In Charlotte County, Port Charlotte Is Experiencing Steady Growth Fueled By Affordable Housing, Gulf Coast Access, And Infrastructure Expansion
- FLORIDA'S INCOME-TAX-FREE, PRO-GROWTH INVESTMENT CLIMATE: The Asset Is Located In A No-State-Income-Tax Jurisdiction With A Pro-Business Environment, Making It An Attractive Long- Term Investment Destination
Investment Overview
19680 Cochran Blvd., Port Charlotte, FL
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director / Chief Revenue Officer
Financing By
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