Wendy's 1520 N Broadway Ave

Investment Highlights

Brand New 20-Year Sale Leaseback Attractive Rental Increases | 10%/ 5 Years Triple Net (NNN) Lease with Zero Landlord Responsibilities

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Wendy?s located at 1520 N Broadway Ave in Bartow, Florida. The site consists of roughly 2,346 rentable square feet of building space on estimated 0.68-acre parcel of land. This Wendy?s is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $151,200 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 6, 5-year renewal options.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,346
• Building Class    B
• Year Built/Renovated    1976/2016
• Price    2,750,000
• Price Per SF    1,172
• Cap Rate    5.50
• NOI    151,200
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.08
• Land Acres    0.68 AC