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PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
Updated: 10.02.25 Posted: 10.02.25 Status: Active     10.02.25

Summary

Price $2,747,000
Built/Renov 2025
Tenant Wendy’s
Cap Rate 4.55%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,228
Lease Start 11-01-2025
#Units 7,240
Price/SF $1,232.94
Expiration 10-01-2040
Tenant Type Fast Food/QSR
NOI $125,000
R. Term 15.0
Ownership Ground Lease
Rent/SF $56.10
Increases 10.0%/6/yrs
Pop 5Mi 71,445
Lot/AC 0.85
Options 3/5yrs/10%
AHHI 5Mi $25,392

Highlights

  • New 15-year absolute NNN ground lease with 10% increases every 5 years

  • Corporate guarantee from Wendy’s Properties, LLC, NASDAQ: WEN

  • Price $2,747,000 with NOI $125,000 and 4.55% cap rate

  • New construction Wendy’s prototype building delivering October/November 2025

  • Situated in $100M+ Epperson master-planned community with 4,500+ homes

  • Strong demographics with $108,538 average household income within 5 miles

  • Easy access to I-75 with 94,500 vehicles per day

  • Adjacent to Publix, Chick-fil-A, Starbucks, Circle K and new residential growth

Location Description

Wendy’s is strategically located along Victory Crossing Drive & Curley Road in Wesley Chapel, Florida, with access to a daily traffic count of approximately 16,000 vehicles on Curley Road and 15,200 vehicles on Overpass Road. The site is surrounded by major national retailers including Publix, Chick-fil-A, Starbucks, and Circle K, driving consistent consumer traffic to the area. The property...

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Maps

  • 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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