| Price $2,678,571 | Built/Renov 2018 | Tenant Wendy's |
| Cap Rate 5.60% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,336
| Lease Start
07-01-2024
| #Units
41
|
| Price/SF $1,146.65 | Expiration
06-30-2044
| Tenant Type Fast Food/QSR |
| NOI $150,000 | R. Term 20.1 | Ownership Fee Simple |
| Rent/SF
$64.21
| Increases 10.0%/5/yrs | Pop 5Mi 181,818 |
| Lot/AC 1.23 | Options 4/5yrs/10% | AHHI 5Mi $120,965 |
| | |
Wendy’s is strategically located on Kirk Road, with access to 36,100 vehicles passing by daily. Positioned as an outparcel to Walmart, the property connects directly south to Interstate 88, accommodating a robust traffic count of 109,000 VPD. The surrounding area boasts well-known national tenants such as Walgreens, Starbucks, Advance Auto Parts, Physicians Immediate Care, Chipotle, and more....
...Build to suit
Near major nationals
WalMart out-parcel
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Low rent to sales ratio
Absolute NNN
25+ unit franchisee backed
Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company, together with its subsidiaries, operates as a...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,142 | 50,038 | 179,857 |
| 2023 Total Population : | 4,840 | 49,875 | 181,818 |
| 2023 Employed Civilian Pop : | 2,846 | 26,365 | 95,902 |
| 2023 Total Businesses : | 217 | 1,722 | 5,860 |
| 2023 Average Household Income : | $ 178,219 | $ 136,445 | $ 120,965 |
| 2023 Total Consumer Spending : | $ 248 M | $ 2168 M | $ 6729 M |
| 2023 Median Age : | 36 | 39 | 35 |
| 2023 Total Households : | 1,657 | 18,695 | 65,050 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,296 | 9,511 | 29,890 |
| 2023 Average Home Value : | $ 387,509 | $ 332,635 | $ 304,434 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 77 | Butterfield Rd | 2014 | 36,100 | 0.05 mi |
| Butterfield Rd | Downen Rd | 2013 | 16,200 | 0.20 mi |
| Butterfield Rd | Savannah Dr | 2011 | 16,700 | 0.21 mi |
| N Farnsworth Ave | Kirk Rd | 2014 | 30,100 | 0.29 mi |
| Butterfield Road | 2019 | 18,600 | 0.33 mi | |
| Church Rd | Butterfield Rd | 2014 | 6,650 | 0.37 mi |
| Kirk Road | Riverbirch Dr | 2018 | 35,200 | 0.39 mi |
| S Raddant Rd | Sonoma Ln | 2014 | 2,300 | 0.47 mi |
| Butterfield Road | 2019 | 15,600 | 0.49 mi | |
| IL 56 | 2021 | 17,500 | 0.58 mi |
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R. Term 14.80 yrs
Size/SF 3,787
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
