Wendy’s

145 Eglin Pkwy NE, Fort Walton Beach, FL 32548

$1,807,650

Cap Rate 4.85%

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DOM: 7 Updated: 10.05.25 Posted: 10.05.25 Status: Active 10.05.25

Summary

Price $1,807,650	Built/Renov 2004/2014	Tenant Wendy’s
Cap Rate 4.85%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,485	Lease Start 11-01-2020	#Units 7,240
Price/SF $727.42	Expiration 10-31-2040	Tenant Type Fast Food/QSR
NOI $87,671	R. Term 15.0	Ownership Fee Simple
Rent/SF $35.28	Increases 7.5%/6/yrs	Pop 5Mi 75,903
Lot/AC 0.36	Options 5/5yrs/7.5%	AHHI 5Mi $93,151

Ryan Nee

Marcus & Millichap

Contact

Highlights

Absolute NNN lease with zero landlord responsibilities and over 15 years remaining on base term
Freestanding 2,485 SF Wendy’s building with drive-thru on 0.36-acre lot
Located at hard corner signalized intersection along major Florida Panhandle thoroughfare
Renovated in 2014 and originally built in 2004 offering excellent visibility and access
Guaranteed by Wendelta, a strong 200+ unit Wendy’s franchisee operator
Scheduled 7.5% rent increases every 5 years including option periods
Fee simple ownership providing long-term passive investment stability
Outparcel to Winn-Dixie and Ross Dress for Less anchored shopping center

Location Description

Wendy’s is strategically located along Eglin Parkway NE in Fort Walton Beach, Florida, at a hard-corner signalized intersection along one of the Florida Panhandle’s most heavily traveled thoroughfares. The site is surrounded by major national retailers including Winn-Dixie, Ross Dress for Less, and several other national brands, driving consistent consumer traffic to the area. The property is...

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Key Features

Signalized intersection
Hard corner intersection
Major thoroughfare
Near major nationals
Top 100 MSA
Strong demographics
Long 20+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee

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Links

Wendy’s Wikipedia Wendy’s Wikipedia Fort Walton Beach, FL Zip Code 32548 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Wendy's
Guarantor:Corp T and Rated
Company:The Wendy's Company
# Units:7,240
Tenant S&P: B+
Moody’s: B3
Stock: NASDAQ: WEN

About Tenant

Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company and its subsidiaries operate as a quick-service...

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