Bradenton, FL - Wendy's

Description:

• The tenant recently signed a brand new 15-year ground lease with 3 (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

• Wendy’s is part of a larger retail development that includes a Tommy’s Express Car Wash
• Adjacent to White Eagle, anchored by Publix, and features other tenants such as MOD Pizza, Culver’s, Fifth Third Bank, and more
• The Publix ranks in the 90th percentile (5,345 out of 56,795) of all nationwide grocery stores according to Placer.ai
• Located at the signalized, four-way intersection of White Eagle Blvd/Rye Rd E/State Highway 64
• Ideally right next to Lakewood Ranch, the #1 multi-generational community in the U.S. for the seventh consecutive year
• “Heritage Golf Group, a leading owner and operator of private country clubs and high-end daily-fee courses, proudly announces the completion of Phase 1 renovations at Lakewood Ranch Golf & Country Club, acquired in March 2024. In less than eight months, the club is set to unveil two fully renovated golf courses, including the addition of its newest private course, The Legacy”