Wendy’s

Bartow, Florida

NNN Pro Group is pleased to present the exclusive listing for a Wendy’s located at 1520 N Broadway Ave in Bartow, Florida. The site consists of roughly 2,346 rentable square feet of building space on estimated 0.68-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 $151,200 and is scheduled to increase by 10% every 5 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:: $2,750,000
Cap Rate:: 5.50%
Annual Rent:: $151,200
Address:: 1520 N Broadway Ave, Bartow, Florida 33830
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:: 0.68 Acres
Building Size:: 2,346 SF
Year Built:: 1976
Year Renovated:: 2016
Tenant:: Wendy’s

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com

License: 10401294046

Broker of record

Brian Brockman

Bang Realty-Naples, Inc

License: BK3327646

Similar Properties

available

available

available

available