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Wendy’s
$2,870,000
Plus Winter Park, FL
Lease Type
Ground
Cap Rate
4.70%
Property Type

Retail

Building Size
2,414 SF
NOI
$135,000
Land Area
0.30 AC
Remaining Term
15 Years
Status
Sold
Michael Zimmerman
Michael Zimmerman
Founder
Property Highlights
Prime Investment Opportunity

Wendy’s is the world’s third-largest hamburger fast food chain with 6,711 locations across the globe. This rare corporate-guaranteed Wendy’s location features a new in-line concept and is adjacent to SimonMed Imaging. The Ground lease features no landlord responsibilities for ease of investment. The 15-year lease term includes scheduled 10 percent rental increases every five years within both the base term and each of the five options to renew. Additionally, Florida has no state income tax.

New Construction in Winter Park

The property is brand-new construction along West Fairbanks Avenue (33,000 cars passing daily). The building (adjacent to SimonMed Imaging) features a drive-thru lane and an outdoor seating area exclusive to Wendy’s. The site is near many recognizable retailers, including Publix, T-Mobile, McDonald’s, Walgreens and more. This Wendy’s location is also less than one mile from the popular Park Avenue shopping district, the city’s new SunRail station and the Valencia College Winter Park campus.

Proximity to Orlando Attractions

This Wendy’s location is less than five miles from the heart of downtown Orlando and less than 15 miles from Universal Orlando Resort. Orlando is one of the world’s most-visited tourist destinations, attracting more than 75 million visitors in 2018 alone. Additionally, Orlando hosts more than 10 million business visitors annually. The city is No. 1 in the nation for meetings and events, which on average have a total economic impact of more than $2.4 billion annually.

Wendy’s
Winter Park, FL
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