820 N 15th St - Fast Food FOR SALE


Immokalee, FL 34142
$2,500,000 USD
631-903-7137
820 N 15th St, Immokalee, FL for Sale
$2,500,000 USD
Fast Food - FOR SALE
1/5
null | 5% Cap Rate

820 N 15th St
Immokalee, FL 34142


HIGHLIGHTS

  • Experienced Multi-Unit Guarantor/Operator Across Varying Concepts in QSR Sector, including 47±Wendy’s, Jimmy John’s, Buffalo Wild Wings & Del Taco's
  • New Relocation Store replacing Historically Successful Unit in the Subject Market
  • High-Performing Store — Sales Exceeding Benchmark AUV showcasing location’s strong market presence, customer loyalty, & long-term operating viability
  • Guarantor/Operator Reinforced Commitment to Wendy’s Operation after Exiting Dunkin’ Portfolio of Over 100 Units & Retaining Wendy’s Locations
  • Tenant to Pay and Maintain All Aspects of the Property (Ground Lease) – No Landlord Obligations
  • Attractive 12.00% Rental Increases Every 5 Years including Options

OVERVIEW

CBRE is pleased to present the exclusive listing for the Wendy’s located at 830 N. 15th Street in Immokalee, Florida. The property includes a 1,495-square-foot building situated on 0.71 acres. It will be subject to a new 20-year ground lease featuring four (4) additional five-year renewal options. The initial annual base rent will be $125,000, beginning in Year 1. The lease provides for 12% rental escalations every five years throughout both the base term and the renewal option periods. The subject property benefits from being within walking distance of several academic institutions that collectively serve nearly 7,000 students. This includes approximately 1,400 students at the nearby middle school, 2,055 students at the high school, and an additional ~3,500 students across the adjacent technical college and elementary school. This dense daytime population generates consistent foot traffic and supports strong demand for quick-service restaurant operators in the immediate area.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$799 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wendy's | New High Performing Relocation

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C-4-SR29CO

APN/PARCEL ID

52659910049

ASK ABOUT THIS PROPERTY

631-903-7137

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631-903-7137

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