Wendy’s Ground Lease
Single-Tenant Offerings
Wendy’s Ground Lease
5100 Cortez Road
Bradenton (South of Tampa), FL
- Price:
- $3,125,000
- Cap Rate:
- 4.00%
- NOI:
- $125,000
- Rentable SQFT:
- 2,399 SF
- Year Built:
- 2022
- Lot Size:
- 0.93 +/- Acres
- Lease Type:
- Absolute NNN Ground Lease
- Status:
- Available
Investment Highlights
- 20-Year Absolute NNN Ground Lease, 10% Increases Every 5 Years
- Exceptional Operator with Strong Financials, Largest Wendy’s Franchisee in Florida
- Wendy’s is the #2 Hamburger Chain in the U.S. by Sales
- Brand New High-Quality Constriction with a Drive-Thru, 90% of System-wide Sales for Wendy’s are Generated at the Drive-Thru
- Serving Over 173,000 Residents in Growing Tampa Suburb, One of the Fastest-Growing Areas in the Country
- Hard Corner Location at Major Signalized Intersection with 68,300 Cars/Day
- Dense Retail Corridor, Across from Walmart Supercenter and Down the Street from Home Depot, Lowe’s, Publix, Dick’s, Hobby Lobby, Best Buy, and More
- 1.5 Miles to IMG Academy Campus with 1+ Million Visitors Annually, the World’s Largest Sports Training Facility on 600-Acres Sponsored by Gatorade & Under Armour
- Just South of Award-Winning HCA Florida Blake Hospital, a 383-Bed Hospital with 1,742 Employees
- 3 Miles to SCF Bradenton with 11,265 Students and 2,027 Employees
- Surrounded by Several K-12 Schools with Over 11,000 Students
- Close Proximity to Tropicana’s Largest Manufacturing Plant with 1,000 Employees, World’s Largest Producer of Branded Juice
- Strong Daytime Population, More Than Employees within a 5-Mile Radius
- Minutes to LECOM Park, Spring Training Home of the Pittsburgh Pirates
- Just Northwest of Sarasota/Bradenton International Airport and 48 Miles South of Tampa’s International Airport
- Florida is the #2 Net Migration/Growth State in the U.S., No State Income Tax
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