For Sale
$2,371,000

295 Tamiami TrlOsprey, FL 34229

High-traffic Osprey, FL Wendy's

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 2,300 square foot Wendy's restaurant on a 1.01-acre lot in Osprey, Florida. Located on US-41 (S. Tamiami Trail), a major thoroughfare with 42,500 daily vehicles, this property benefits from high visibility and accessibility. The 15-year NNN ground lease commenced January 1, 2024, with a strong 10% rent increase every five years and in each renewal option. The property boasts a 4.85% cap rate and a Net Operating Income (NOI) of $115,000. Built in 2023, this single-story building is 100% occupied by a Wendy's franchisee with a proven track record and a significant personal guarantee. The location is an outparcel to a Walmart Supercenter, benefiting from its substantial annual traffic of 1.2 million visits. This is the only Wendy's within a 3-mile radius, minimizing competition. The property's location in Sarasota County, Florida, offers the advantage of a state with no personal income tax. This is a passive investment opportunity with zero landlord responsibilities, offering a secure and profitable return. The asking price is $2,371,000. The APN is 0147070008.

Highlights

  • 15-year NNN ground lease with Wendy's, outparcel to Walmart Supercenter in Osprey, FL (Sarasota MSA), on high-traffic US-41.
  • Wendy's, a publicly traded company (NASDAQ: WEN), is the tenant.
  • Experienced franchisee, Tim Cloe, with a strong personal guarantee, operates the location.
  • NNN lease requires zero landlord responsibilities.
  • Located in Florida, a state with no personal income tax.
  • Wendy's is the second-largest hamburger QSR in the US.

Property Details for 295 Tamiami Trl

Property type
Retail properties
Square Feet
2,300 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
43,996 SF
Units
1

Location Insight

City
Osprey
County
Sarasota
State
Florida
Latitude
27.19380385878
Longitude
-82.488571188901
295 Tamiami Trl, Osprey, Florida

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295 Tamiami Trl
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