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Wendy's - Tampa-St Petersburg (Apollo Beach) 5585 N US Highway 41 2,368 SF 4-Star Retail Building Apollo Beach, FL 33572 $4,057,940 CAD ($1,713.66 CAD/SF) 4.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Ground Lease | Scheduled Rental Increases |Options to Extend | Corporate Wendy’s Location
- Hard Corner Intersection | Walmart Supercenter-Anchored Center | Excellent Visibility & Access | US Highway 41 & Interstate 75
- Strong Demographics In 5-mile Trade Area | Six Figure Incomes
- Absolute NNN Ground Lease | Land Ownership | No State Income Tax Zero Landlord Responsibilities
- New 84-Acre SouthShore Sports Sportsplex Development
EXECUTIVE SUMMARY
• The tenant recently signed a brand new 15-year ground lease with 4 (5-year) options to extend
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Wendy’s and its franchisees employ hundreds of thousands of people across over 7,000 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Wendy’s and its franchisees employ hundreds of thousands of people across over 7,000 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,368 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$4,057,940 CAD
Price Per SF
$1,713.66 CAD
Cap Rate
4.30%
NOI
$174,490 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.83 AC
Zoning
PD - Planned Development
Frontage
157’ on North U.S. Highway 41
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | U-28-31-19-ZZZ-000001-75620.1 | Improvements Assessment | $0 CAD |
| Land Assessment | $6,831,723 CAD | Total Assessment | $6,831,723 CAD |
PROPERTY TAXES
Parcel Number
U-28-31-19-ZZZ-000001-75620.1
Land Assessment
$6,831,723 CAD
Improvements Assessment
$0 CAD
Total Assessment
$6,831,723 CAD
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Wendy's - Tampa-St Petersburg (Apollo Beach) | 5585 N US Highway 41
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