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Wendy’s

Lakeland, Florida

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NNN Pro Group is pleased to present the exclusive listing for a Wendy’s located at 3545 Lakeland Highlands Rd in Lakeland, Florida. The site consists of roughly 3,245 rentable square feet of building space on estimated 1.28-acre parcel of land. This Wendy’s is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $159,600 and is scheduled to increase by 10% every five years throughout the base term and in each of the 6, 5-year renewal options.

✓ Brand New 20-Year Sale Leaseback
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases | 10%/ 5 Years
✓ Six (6) Tenant Renewal Periods of Five (5) Years Each

Key Details

Price:
$2,900,000
Cap Rate:
5.50%
Annual Rent:
$159,600
Address:
3545 Lakeland Highlands Rd, Lakeland, Florida 33803
Property Type:
Retail
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
20 Years
Lease Expiration:
20 Years from Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
10%/ 5 Years
Lot Size:
1.28 Acres
Building Size:
3,245 SF
Year Built:
2014
Tenant:
Wendy’s

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Broker of record

Brian Brockman

Bang Realty-Naples, Inc

License: BK3327646


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