Log In/Sign Up
Your email has been sent.
Wendy's – High Performing Location - 6.1% RTS 2900 W Norvell Bryant Hwy 2,544 SF Retail Building Lecanto, FL 34461 $3,694,350 CAD ($1,452.18 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Property Is Secured by 20-Year Absolute NNN Lease W/ 13.25 Years Remaining, Guaranteed by WenCo Restaurant Group, LLC (39 Units)
- Located Along W. Norvell Bryant Hwy, This Wendy’s Benefits From Proximity to the Shoppes at Black Diamond, a 29-Acre Development
- 7.5% Rent Increases Every Five Years, With Four (4) Five-Year Renewal Options Providing Long-Term Income Growth
- Nearby Major Employers Including Citrus County School District, Citrus County Government, HCA Florida Hospital Inverness (900 Employees), etc
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,544 SF
Building Class
B
Year Built
2018
Price
$3,694,350 CAD
Price Per SF
$1,452.18 CAD
Cap Rate
5.25%
NOI
$193,946 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.47 AC
Zoning
PSO - Professional Services/Office District
Frontage
289’ on West Norvell Bryant Highw
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Wendy's
- Accommodation and Food Services
- -
- -
- Triple Net
- Oct 2038
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Wendy's | Accommodation and Food Services | - | - | Triple Net | Oct 2038 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18E-18S-22-0010-00000-1370 | Improvements Assessment | $846,555 CAD |
| Land Assessment | $286,750 CAD | Total Assessment | $1,133,305 CAD |
Property Taxes
Parcel Number
18E-18S-22-0010-00000-1370
Land Assessment
$286,750 CAD
Improvements Assessment
$846,555 CAD
Total Assessment
$1,133,305 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Wendy's – High Performing Location - 6.1% RTS | 2900 W Norvell Bryant Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.