Property Name & Location: Famous Dave's Bar-B-Que, Fort Myers FL - NNN Lease 12148 S Cleveland Ave, Fort Myers, FL 33907
Property Type: Retail / Restaurant
Building Size: 8,999 sf
Lot Details: 1.60 Acres
Price: $3,850,000
CAP Rate: 7.50%
Net Operating Income: $189,000
Commission Split: 2%
Years Left on Lease: 10+ years
Property Information: Sale of restaurant building and land with NNN Leaseback: Famous Dave's Bar-B-Que on US 41 (Cleveland Avenue), the main north-south route in Fort Myers. 218,235 population within a 15 minute drive with median household income of $46,945. In addition, there are 67,079 day time employees within a 10 minute drive. Average traffic counts of 61,000 (calendar year 2006). Property was completely renovated in 2006 and opened for business in August 2006 new roof, new interior, new kitchen (including hoods and walk-ins), new exterior finish, new landscaping and repaved parking lot. Restaurant is operated by an experienced franchisee, who currently owns and operates Famous Dave's and other multiple restaurant franchises. The fast growing Famous Dave's brand has had tremendous success due both to the quality of the meals and the unique atmosphere provided in these restaurants. Contact broker for offering memorandum.
Location Description: Signalized Intersection -- Northwest corner of US 41 (Cleveland Ave) and Crystal Drive in Fort Myers FL

 

Property Name & Location: Wendy’s Arcadia NNN - 2719 State Highway 70 SE, Arcadia, FL 34266
Property Use: Investment
Years Left on Lease: 10+ years
Property Type: Restaurant
Price: $1,065,944
Net Operating Income: $79,946
CAP Rate: 7.50%
Commission: 2% Split
Building Size: 3,392 SF
Lot Size: 1.00 Acres
Tenancy: Single
Occupancy: 100%
Property Information: Dec-04 Built New
Nov-05 Double Side Grill installed
Property Location: Signalized intersection on Highway 70 at entrance to shopping plaza. Property is on an out parcel located at the entrance to the shopping plaza.
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Property Name & Location: Wendy’s Cypress Lake NNN - 5610 Cypress Gardens Blvd., Winter Garden, FL 3388
Property Use: Investment
Years Left on Lease: 10+ years
Property Type: Restaurant
Price: $1,846,043
Net Operating Income: $138,453
CAP Rate: 7.50%
Commission: 2% Split
Building Size: 3,321 SF
Lot Size: 0.80 Acres
Tenancy: Single
Occupancy: 100%
Property Information: Mar. 2003 Complete Exterior / Interior Renovation
Oct. 2004 Wenview Drive Thru System
Apr. 2005 Henny Penny Fryer Replaced
Jan. 2006 Double Side Grill Installed
Apr. 2006 MP Bun warmer Replaced
Nov. 2006 Complete Kitchen Renovation
Nov. 2007 Breakfast Implementation
Property Location: Right and left turn from Cypress Gardens Blvd., S.E, with full median cut. Outparcel in shopping center.
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Property Name & Location: Wendy’s Davenport NNN - 244304 US Highway 27 S, Davenport, FL33897
Years Left on Lease: 10+ years
Property Type: Restaurant
Price: $1,527,844
Net Operating Income: $114,588
CAP Rate:7.50%
Commission: 2% Split
Building Size:3,000 SF
Lot Size:32,940 SF
Tenancy: Single
Occupancy:100%
Property Information: Built in 1995, underwent a complete exterior / interior remodel in January, 2005.
Property Location: From US Highway 27, direct right and left turn into property from access road
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Property Name & Location: Wendy’s Arcadia NNN - 4521 Macey Lane, Lake Wales, FL 33859
 Property Use: Investment
 Years Left on Lease: 10+ years
 Property Type: Restaurant
 Price: $1,502,045
 Net Operating Income: $112,653
 CAP Rate: 7.50%
 Commission: 2% Split
 Building Size: 3,114 SF
 Lot Size: 1.03 Acres
 Tenancy: Single
 Occupancy: 100%
 Property Information: Mar-02 Built New
 Oct-04 Power Soak System Installed
 May-06 Double Side Grill Installed
 Property Location: 185' frontage on Highway 27

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Property Name & Location: Wendy’s Lake Placid NNN - 502 US 27 South, Lake Placid, FL 33852
Property Use: Investment
Years Left on Lease: 10+ years
Property Type: Restaurant
Price: $1,114,472
CAP Rate: 7.50%
Commission: 2% Split
Building Size: 3,265 sf
Lot Size: 1.63 Acres
Tenancy: Single
Occupancy: 100%
Property Information: Dec-04 Built New
Nov-05 Double Side Grill installed
Property Location: Right turn (southbound US27) and left turn (northbound US 27) at intersection of US 27 and Plumosa Ave.

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Property Name & Location: Wendy’s N. Sebring NNN - 2100 US Highway 27 Sebring, FL 33870
Property Use: Investment
Years Left on Lease: 10+ years
Property Type: Restaurant
Price: $1,283,865
Net Operating Income: $96,290
CAP Rate: 7.50%
Commission: 2% Split
Building Size: 3,297 SF
Lot Size: 1.09 Acres
Tenancy: Single
Occupancy: 100%
Property Information: 192 feet - road frontage.
Built in 2004.
Double Side Grill installed in March 2006.
Breakfast implemented March 2008.
Property Location: Access from the Lowe' s shopping center with entrance from northbound and southbound US 27 and direct access by right turn from northbound US 27 on to side road.
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Property Name & Location: Wendy’s Vero Beach NNN - 8905 20TH Street, Vero Beach, FL 32966
Property Use: Investment
Years Left on Lease: 10+ years
Property Type: Restaurant
Price: $1,051,372
Net Operating Income: $78,853
CAP Rate: 7.50%
Commission: 2% Split
Building Size: 3,055 SF
Lot Size: 1.17 Acres
Tenancy: Single
Occupancy: 100%
Property Information: Jan.-2006 Complete Exterior / Interior Renovation
Nov.-2006 Double Side Grill Installed
July-2007 New AC Units Installed
Property Location: Direct westbound access (right turn off Route 60). Eastbound Route 60 access from signalized intersection. Property is adjacent to large truck stop within sight of I-75 interchange.
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