Parrish, FL (Fort Hamer) - 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 US-301 and Fort Hamer Rd averaging a combined 57,400 VPD
• Wendy’s is part of a larger 13.4-acre mixed-used development that features Wawa, AutoZone, Suncoast Credit Union, a car wash, and a self storage facility
• Fort Hamer Rd connects Lakewood Ranch to Parrish
• The surrounding residential developments such as North River Ranch
(5,000-homes), Seaire (600-acre master-planned community), Nexxus
(10,000-housing units), and more will provide a steady, consistent consumer base from which to draw
• The 7-Eleven directly across the street ranks in the 99th percentile (8 out of 8,400) out of all nationwide locations via Placer.ai