145 Eglin Pky NE - Fast Food FOR SALE


Fort Walton Beach, FL 32548
$1,807,650 USD
786-522-7013
145 Eglin Pky NE, Fort Walton Beach, FL for Sale
$1,807,650 USD
Fast Food - FOR SALE
1/3
null | 4.85% Cap Rate

145 Eglin Pky NE
Fort Walton Beach, FL 32548


HIGHLIGHTS

  • Absolute NNN Lease | Zero Landlord Responsibilities
  • More Than 15 Years Remaining on Base Term
  • Scheduled 7.5% Rent Increases Every 5 Years
  • Very Strong Wendy’s Operator | 200+ Units
  • Freestanding Building with Drive-Thru | Renovated 2014
  • Hard Corner Signalized Intersection Along Eglin Parkway NE | Major Florida Panhandle Thoroughfare

OVERVIEW

Marcus & Millichap is pleased to present for sale this Absolute NNN Wendy’s Hamburger Restaurant, located at 145 Eglin Parkway NE in Fort Walton Beach, Florida. The property consists of a 2,485-square-foot freestanding building with a drive-thru, situated on a 0.36-acre parcel. Originally built in 2004 and renovated in 2014, the asset offers exceptional visibility and accessibility along one of the Florida Panhandle’s most heavily traveled corridors. The property is positioned at a hard, signalized intersection along Eglin Parkway NE, a major north-south thoroughfare that serves as the primary commercial artery through Fort Walton Beach and connects to nearby Gulf Coast markets, including Panama City less than an hour away. The Wendy’s benefits from multiple points of ingress and egress, strong daily traffic, and outstanding frontage. It is located as an outparcel to a Winn-Dixie and Ross Dress for Less–anchored shopping center, which draws steady consumer demand and generates consistent foot traffic. Surrounding national retailers, established residential neighborhoods, and stable local demographics further reinforce the site’s strong retail fundamentals. The lease commenced on November 1, 2020, under a 20-year absolute NNN structure with zero landlord responsibilities. With more than 15 years of base term remaining, the lease includes scheduled rent increases of 7.5 percent every five years and five additional 5-year renewal options, ensuring long-term income growth and security for investors. Wendy’s is one of the world’s most recognized quick-service restaurant (QSR) brands, renowned for its made-to-order square hamburgers, fresh, never frozen beef, and signature Frosty dessert. Founded by Dave Thomas in 1969, the company has grown to more than 7,000 restaurants worldwide and generates annual revenue in excess of $2.2 billion. With its strong brand recognition, customer loyalty, and proven resilience, Wendy’s continues to be a leader in the QSR sector and a reliable tenant for net lease investors.

FOR SALE DETAILS

PRICE

$1,807,650 USD

PRICE/SF

$727 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,625 SF

ZONING

Commercial

APN/PARCEL ID

13-2S-24-1880-0002-0010

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.