2200 Florida 71 Hwy - Fast Food FOR SALE


Marianna, FL 32448
$2,822,857 USD
786-522-7013
2200 Florida 71 Hwy, Marianna, FL for Sale
$2,822,857 USD
Fast Food - FOR SALE
1/4
null | 5.25% Cap Rate

2200 Florida 71 Hwy
Marianna, FL 32448


HIGHLIGHTS

  • 2021 Construction Wendy’s Drive Thru | Busy Highway Location
  • Very Strong Sales | Established Location with Healthy Proposed Rent to Sales Ratio
  • Located Across the Street from a Busy Walmart Supercenter with More than 2.4 Million Visits Per Year (Placer.AI)
  • 2,500 Square Foot Restaurant Situated on a 1.17-Acre Parcel of Land
  • 20-Year Abs. NNN Lease | No Landlord Responsibilities
  • Attractive Rental Increases | 10% Increases Every 5 Years

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,822,857 USD

PRICE/SF

$1,017 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

-

APN/PARCEL ID

25-4N-10-0000-0330-0000

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.