Apollo Beach, FL - Wendy's

Description:

• The tenant recently signed a brand new 15-year ground lease with 4 (5-year) options to extend
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Wendy’s and its franchisees employ hundreds of thousands of people across over 7,000 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand

• The asset is located at the hard corner intersection of US Highway 41
and Brandermill Rd averaging 45,000 VPD
• Part of a brand new Walmart Supercenter-anchored shopping center that will feature Walmart Gas, Chipotle, Chase, Panda Express,
c- store/gas station, and more
• The asset has excellent visibility and multiple points of ingress/egress
• Apollo Beach is undergoing significant retail and residential development, providing long-term viability in the underlying real estate

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Listing ID: a28TP000001gpaDYAQ