Restaurant

Wendy's

606 10th St E, Palmetto, FL 34221

Listing Price: $2,700,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
19.00
Guarantor
Franchisee Guarantee
Rentable SF
2,695
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.09

Investment Overview

This Wendy's investment property is strategically situated along 10th Street, which serves as an access road to intersecting South Tamiami Trail. 10th Street boasts average daily traffic counts exceeding 30,000 vehicles, respectively. South Tamiami Trail connects the local area to Bradenton and brings an additional 55,000 vehicles into the immediate area on average daily. The property also benefits from being in a densely populated area. There are more than 48,000 individuals residing within a three-mile radius of the property and more than 129,000 individuals within a five-mile radius.

Investment Highlights

  • 20-Year Triple Net Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10.00% Every Five Years
  • Four Tenant Renewal Periods of Five Years Each

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $2,700,000

Cap Rate
5.00%
Tenant Name
Wendy's
Years Remaining On Lease
19.00
Guarantor
Franchisee Guarantee
Rentable SF
2,695
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.09

Investment Highlights

  • 20-Year Triple Net Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10.00% Every Five Years
  • Four Tenant Renewal Periods of Five Years Each

Investment Overview

This Wendy's investment property is strategically situated along 10th Street, which serves as an access road to intersecting South Tamiami Trail. 10th Street boasts average daily traffic counts exceeding 30,000 vehicles, respectively. South Tamiami Trail connects the local area to Bradenton and brings an additional 55,000 vehicles into the immediate area on average daily. The property also benefits from being in a densely populated area. There are more than 48,000 individuals residing within a three-mile radius of the property and more than 129,000 individuals within a five-mile radius.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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