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Wendy’s

$ 2,180,480
North Port, Florida
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Address: 15021 Tamiami Trail, North Port, Florida, United States 34287

Type: Restaurant

Cap Rate: 5.00%

Lease Type: Triple Net (NNN)

Annual Rent: $109,024

Net Operating Income: $109,024

Lease Term Remaining: 19.9 Years

Rental Increases: 10% Every Five Years

Options: Four, Five-Year Option Periods

Rentable Sq/Ft: 2,946 SF

Rent Sq/Ft: $37.01

Price Sq/Ft: $740

Lot Size: 1.04

This Wendy’s investment property is strategically situated along Tamiami Trail. Tamiami Trail boasts average daily traffic counts of 39,363 vehicles per day. There are more than 68,000 individuals residing within a five-mile radius of the property and nearly 184,000 individuals within a ten-mile radius.

The Wendy’s property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and hospitality accommodations all within close proximity of this property. Major national tenants include Walgreens, Walmart, Lowe’s, The Home Depot, T.J. Maxx, Dollar Tree, Publix, Aldi, Bealls, Dick’s Sporting Goods, McDonald’s, Burger King, Chipotle, Starbucks, and many more There are several accommodations within the immediate area, including Holiday Park, America’s Best Value Inn, and many more. The subject investment property is located five miles from Fawcett Memorial Hospital, a general hospital and surgical center with 237-staffed beds.

Sarasota is the seat of Sarasota County located on the southwestern coast of Florida. The area is renowned for its cultural and environmental amenities, beaches, resorts,
and the Sarasota School of Architecture. Sarasota is the home of the Sarasota
Orchestra, which was founded by Ruth Cotton Butler in 1949 and known for years as
the Florida West Coast symphony. It holds the three-week-long Sarasota Music Festival that is recognized internationally and attracts renowned teachers and the finest students of chamber music. Sarasota is also home to the Municipal Auditorium—Recreation Club, built by the Works Progress Administration, the municipal government, and local residents and business owners, which has become a center for sports, entertainment and recreation. The sports activities have ranged from badminton, basketball, boating, lawn bowling, and shuffleboard, to tennis. The auditorium hosts clubs for cards, dancing, games, gardening and numerous hobbies. It has also become the community meeting place for commercial and educational shows as well as the venue for local schools and charities to hold events and dances. Tourists are attracted to exhibitions here provided by local business as well as vendors from national circuits. This building was listed in the National Register of Historic Places because of its architecture and for providing the enormous range of community activities that are scheduled there every week.

 

FL BROKER OF RECORD: Ryan Nee Lic.# BK3154667

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Glen Kunofsky

President, Founder
(212) 430-5115

Read Ziegler

Analyst
(646) 805-1490

Julia Bonacini

Analyst
(646) 805-1470