$3,168,421 USD
949-419-3267
1218 State Highway 434
Winter Springs, FL 32708
Town Center
HIGHLIGHTS
- LONG-TERM ABSOLUTE NNN LEASE WITH STRONG GUARANTOR: The property is secured by a 20-year absolute NNN lease with 16.25 years remaining
- ATTRACTIVE RENTAL GROWTH & RENEWAL OPTIONS: The lease includes 7.5% rent increases every 5 years, with four (4) five-year renewal options
- HIGH-TRAFFIC LOCATION IN SEMINOLE COUNTY: Strategically positioned on State Road 434, the site benefits from dense residential developments
- PROXIMITY TO ORLANDO MSA: Winter Springs is part of the Orlando-Kissimmee-Sanford MSA, one of the fastest-growing metro areas in the U.S.
- STRONG TENANT – WENDY’S CONTINUES TO EXPAND: Wendy’s (NASDAQ: WEN) operates over 7,000 locations worldwide, with 6,000 U.S. locations
FOR SALE DETAILS
PRICE
$3,168,421 USD
PRICE/SF
$1,056 USD /SF
CAP RATE
4.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.59 AC
LAND SF
25,700 SF
ZONING
BU-1
APN/PARCEL ID
06-21-31-507-0000-0020
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949-419-3267
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949-419-3267
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