WENDY'S | $2,422,756 | 4.50% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Wendy’s a single-tenant property located at 15021 Tamiami Trail, North Port, Florida 34287.
The subject property is comprised of 2,946 square feet and was built in 1993. The building sits on a large 1.04-acre lot located at the intersection of Tamiami Trail & South Sumter Boulevard which oversees a combined ±39,000 Vehicles Per Day.
Operated by QFRM Holdings LLC, Wendy’s has 18-years remaining on the absolute-net lease with 10% increases every 5-years.
The Wendy’s Company (NASDAQ: WEN) is the world’s third-largest quick-service hamburger company. Founded in 1969, the Wendy’s system includes more than 6,800 franchise and Company restaurants across the United State and 29 countries worldwide. As of 2021, Wendy’s is the #2 hamburger chain in the United States by sales behind McDonald’s. Wendy’s system sales increased by 4.8% last year to $10.2 billion, while Burger King sales dropped by 5.4% to $9.6 billion. The Company achieved its two highest quarterly Global same restaurant sales results in over 15 years, while also launching their highly successful breakfast menu. Wendy’s reported global sales of $11.339 Million, up from $1.709 Billion in 2019, and continued to exhibit robust growth with 147 restaurants opened in 2020.
Wendy’s is known for its square hamburgers, chicken sandwiches, sea salt fries, and their signature Frosty. In 2020, the Chain launched its morning menu, and now generates 7% of its sales from breakfast with an eye on hitting 10% in 2021.