13135 US Highway 301 | Dade City, FL 33525
First Vice President Investments
First Vice President InvestmentsJames.Garner@MarcusMillichap.com
Low Rent at $34.57 Per Foot
6.3 Years Remaining on an Absolute NNN Lease
6.68 % Base Term Blended Cap Rate
Iconic Brand – Top 3 Quick Service Restaurant
Recession, E-commerce and Pandemic Resistant Concept
Proven Location with 32+ Year Operating History
Starboard Group: Operates 180 Wendy's Restaurants & Ranked 32nd in the Monitor 200 List of the Largest Franchisees in the U.S.
Located on the Main Retail Corridor Through Dade City
Located in One of the Fastest Growing MSA’s in the U.S.
Marcus & Millichap is pleased to present Wendy’s in Dade City, Florida. A truly unique investment opportunity to purchase an iconic brand with excellent real estate site fundamentals in a very strong Florida market. Offered at a 6.20 percent capitalization rate, this rare property offering includes zero landlord responsibilities with over 6 years remaining on an absolute NNN Lease. The property is perfectly situated in the epicenter of this highly desirable retail and dining destination. Centrally located within the main retail corridor, the property is surrounded by other National Credit Tenants such as McDonalds, Dunkin and KFC creating a true dining destination. For $1.5MM, this asset provides an investor a rare opportunity to purchase a true pride of ownership asset. In the immediate area surrounding the subject property there are numerous retail and hotel developments under construction which ensures enhanced positioning of this property to appreciate in value in the future.