Marcus & Millichap is pleased to present for sale this Absolute Net Leased Wendy’s located at 2200 SR-71 N in Marianna, Florida, situated along the Panhandle. The subject property consists of a 2,500 square-foot free-standing building with a drive-thru and is situated on a large 1.17-acre parcel of land.
Strategically positioned just off the Interstate-10 exit, which experiences over 23,500 vehicles per day, this property offers exceptional visibility and convenient access. It is also situated along State Road 71, a high-traffic retail corridor home to a diverse mix of national and regional retailers, including Walmart, Lowe’s Home Improvement, Pilot Travel Center, Pizza Hut, Dunkin’, Truist, Burger King, Murphy Gas, and Verizon. Additionally, the area features several well-known hotels, such as Econo Lodge, Wyndham Marianna, Comfort Inn, Fairfield Inn, and more, further enhancing the site’s strong consumer and traveler traffic.
At closing, the tenant, a leading Wendy’s franchisee, will execute a 20-year absolute NNN lease with 10 percent rent increases every five years.
Wendy’s is one of the world’s leading fast-food burger chains, known for its fresh, never frozen beef, signature square-shaped burgers, and high-quality ingredients. Founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise “Quality is our Recipe.” Today Wendy’s Company is the world’s third largest quick-service hamburger, and its franchisees employ thousands of people across 7,000 restaurants worldwide and annual revenue exceeds $2.2B. Wendy’s is best known for made-to-order square hamburgers using fresh and never frozen beef, freshly prepared salads, chili, baked potatoes and the Frosty Dessert.