1608 S Dixie Fwy
New Smyrna Beach, FL 32168
Retail Property For Sale

DAYTONA BEACH SUBURB |“THE WORLD’S MOST FAMOUS BEACH”
• The subject property is located 20 minutes south of downtown Daytona Beach on Highway 1 (27,000VPD). Highway 1 is a major
highway connecting New Smyrna Beach to Daytona Beach.
• Daytona Beach, often referred to as the “The World’s Most Famous Beach” is the most prominent tourism hub in Volusia County,
Florida, sitting a short distance northeast of Orlando and abutting the Atlantic Ocean.
• Daytona Beach is 1 of the most visited destinations on the East Coast with 10 million visitors per year.
• The Daytona Beach metro area is a regional marketplace, giving way to a diverse group of retail businesses, professional services,
hospitality, manufacturing plants, and associations.
• The city is home to the headquarters of NASCAR, the International Speedway Corporation, Costa Del Mar, Brown and Brown
Insurance, and the LPGA.
• Daytona Beach is home to 5 main colleges and universities with a total enrollment of more than 27,000 students.
• Florida is 1 of 7 U.S. states that has no state income tax
NEW SMYRNA BEACH | 1.1M ANNUAL TOURISTS WITH $450M ECONOMIC IMPACT
• New Smyrna Beach is one of Central Florida’s most desirable coastal communities, benefiting from strong in-migration,
residential growth, and increasing consumer demand throughout Volusia County
• The market attracts more than 1.1 million annual visitors and generates over $450 million in annual tourism economic impact,
supporting year-round retail and restaurant demand
• The property serves more than 56,000 residents within five miles with average household incomes exceeding $89,000 and
projected population growth approaching 3.5%.
• This Wendy’s is located 3 miles from the coast and benefits directly from tourism and nearby hotels.
SUB $2M COASTAL FLORIDA QSR WITH 16.75 YEARS ON NNN LEASE
• The subject property has a lower rent and sub $2 million price point 3 miles from the New Smyrna Beach Coast.
• Wendy’s has been operating at this location since 2012 and signed a new 20 year lease in 2022 that expires in March 2042.
• As part of the 20 year lease extension, the operator renovated the store in 2022.
• This is an absolute NNN lease with no Landlord responsibilities or expenses.
• The Tenant is responsible for roof, structure, parking lot, taxes, insurance, and utilities.
JAE RESTAURANT GROUP LEASE GUARNATEE | 230 WENDYS LOCATIONS
• JAE Restaurant Group ranks among the largest Wendy’s franchisees in the United States and has been recognized as one of the
top operators within the Wendy’s system.
• South Florida-Based Operator – JAE Restaurant Group is headquartered in Pompano Beach and operates one of the largest
Wendy’s franchise platforms in the country with more than 230 locations across multiple states.
• JAE has received numerous accolades from Wendy’s, including “Best Operator of the Year,” the “Dave Thomas Award for Best
Overall Franchisee,” and Wendy’s Hall of Fame recognition.