4604 Zanzibar Way - Restaurant FOR SALE


Sanford, FL 32773
$2,444,444 USD
631-903-7137
4604 Zanzibar Way, Sanford, FL for Sale
$2,444,444 USD
Restaurant - FOR SALE
1/4
null | 4.5% Cap Rate

4604 Zanzibar Way
Sanford, FL 32773


HIGHLIGHTS

  • Brand-New Construction | Publix-Anchored Center Outparcel
  • Conveniently Situated on Right-hand side of Roadway Exposing Subject to Commuter Traffic
  • High-Growth Immediate Area | Massive Increase in Commercial & Multi-Family Development w/ more than 1,186±New Homes underway within 5-mile Radius
  • Close Proximity to Orlando-Sanford International Airport | Handled over 3± million Total Passengers (2025)
  • Corporate-Guaranteed ‘NNN’ Ground Lease | Tenant to Pay and Maintain All Aspects of the Property – No Landlord Obligations
  • Attractive 8.00% Rental Increases Every 5 Years including Options

OVERVIEW

CBRE is pleased to present the exclusive listing for the Wendy’s located at 4064 Zanzibar Way in Sanford, Florida. The property includes a 2,228 square foot building situated on 0.95± acres. It will be subject to a new 20 year ground lease featuring three (3) additional five year renewal options. The initial annual base rent will be $110,000, beginning in Year 1. The lease provides for 8% rental escalations every five years throughout both the base term and the renewal option periods. The subject property is strategically situated as an outparcel in Queen’s Crossing, a brand-new Publix-anchored shopping center benefiting from traffic generated by the diverse tenant mix. Subject also benefits from its direct frontage to E Lake Mary BLVD (23,000±AADT) and close proximity to SR-46 (27,000±AADT) and the Orlando-Sanford International Airport located 4±miles from Subject, which handled more than 3±million passengers in 2025.

FOR SALE DETAILS

PRICE

$2,444,444 USD

PRICE/SF

$1,097 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wendy's - Publix Outparcel | New 20-yr NNN GL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

A1

APN/PARCEL ID

03-20-31-300-0090-0000

ASK ABOUT THIS PROPERTY

631-903-7137

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631-903-7137

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