Parrish, 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

• Located at the signalized, hard corner intersection of Carter Rd and Moccasin Wallow Rd
• Positioned just East off I-75 (97,000 VPD), allowing users to benefit from on/off ramp access to the site and surrounding trade areas
• Wendy’s is part of a larger retail development that will feature 10 retail pads, including ALDI, Circle K, a Pending Medical Office Complex, and more
• Seaire:
• A master-planned community under development by Metro Development Group spanning approximately 600 acres
• Seaire is designed to feature around 3,000 homes, including single-family residences and townhomes
• A central highlight of Seaire is its expansive 4.5-acre lagoon, envisioned as the heart of the community