Fort Myers, FL - Wendy's

Description:

• 20+ years remaining on a newly executed lease with 4 (5-year) options to extend, allowing Wendy’s to continue their successful operation at this location
• The franchisee and guarantor, Tim Cloe, is an experienced operator and currently operates approximately 80 Wendy’s locations
• Tim Cloe recently sold a 100-unit Dunkin’ portfolio while still retaining his Wendy’s units, proving commitment to the Wendy’s brand
• Founded in 1969, Wendy’s is a leading fast food brand with over 7,000 locations
• Wendy’s was renovated this year adding new store front signage
• Tenant pays CAM, taxes, insurance, and maintains all aspects of the premises
• Zero landlord responsibilities
• Investor benefits from fee simple (land & building ownership)
• Ideal, management-free investment opportunity for a passive investor in a state with no state income tax

• The Wendy’s is located along Cleveland Avenue, a strong thoroughfare that averages 56,000 vehicles passing by daily
• Half a mile from Edison Mall, a 1,000,000+ SF shopping mall anchored by Dillard’s, JCPenney, and more
• The dense trade area surrounding the property is supported by retailers such as Planet Fitness, Burlington, Marshalls, Best Buy, and more
• Wendy’s is equipped with a drive-thru, providing ease and convenience for customers as well as increasing store productivity and sales
• Subject property benefits from significant street frontage and ease of access, making this an ideal fast food location
• The average household income exceeds $86,000
• The 5-mile trade area is supported by over 168,500 residents and 115,900 employees