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Tallahassee, Florida

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NNN Pro Group is pleased to present the exclusive listing for a Wendy’s located at 1828 North Monroe Street in Tallahassee, Florida. The site consists of roughly 2,146 rentable square feet of building space on an estimated 0.60-acre parcel of land. This Wendy’s is subject to a 20-year triple-net (NNN) lease, which will commence at closing. The annual rent is $142,500 and is scheduled to increase by the lesser of the change in CPA and 1.25% annually throughout the base term, beginning in Year 3 and in each of the Six (6), Five (5)- Year option periods.

About the Investment:

  • Brand New 20-Year Sale Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3
  • Six (6) Tenant Renewal Periods of Five (5) Years Each
  • Long Operating History at This Site |Scrape and Rebuild Underway | Site Set to Re-Open in April 2023

Key Details

Cap Rate:
Annual Rent:
1828 North Monroe Street, Tallahassee, Florida 32303
Property Type:
Quick Service Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Day Following Close of Escrow
Lease Expiration:
20 Years from Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
Lesser of Change in CPI or 1.25% Annually Starting Year 3
Lot Size:
0.60 Acres
Building Size:
2,146 SF
Year Built:
Year Renovated:

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Ryan Sblendorio

License: 10401309105

Kyle Karsian

License: 10401321452

Amelia Haydock

License: 10401334976

Erica Mitchell

License: 10401358653

Edan Zabihi

License: 10401371140

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