Spring Hill, 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
• New construction which will feature high quality materials, distinct design elements, and high-level finishes
• 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 Taco Bell, McDonald’s, Mariner Village Dental Care, Walgreens, a national grocer anchor, and more
• The asset is across from Seven Hills Center, a neighborhood center anchored by Publix that features tenants such as Starbucks, UPS, Mavis, and more
• Half a mile West of Tampa General Hospital Spring Hill (124-beds), providing a steady consumer base from which to draw
• The site is surrounded by several neighborhoods, providing additional consumer traffic to the subject property
• The asset has excellent visibility and multiple points of ingress/egress