Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12035 Us Highway 301 Parrish, FL 34219

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single-tenant Wendy's NNN ground lease in Parrish, Florida.

    Property size:
    2,024 SF
    Lot size:
    0.82 Acres

    Property Features for 12035 Us Highway 301

    General Information

    Standard status
    Active
    Zoning
    PD-C
    Size
    2,024 SF
    Lot size
    0.82 Acres

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Patrick Nutt
    Source: Crexi

    Listing Agency: SRS Real Estate Partners Tampa Listing Agent: Patrick Nutt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Wendy's NNN Ground Lease

    This single-tenant property is a Wendy’s restaurant located at 12035 US 301 N, Parrish, Florida. The property is a newly constructed building with a 15-year absolute NNN ground lease with Wendy’s. The location is at a signalized, hard corner intersection within a mixed-use development. The lease includes three 5-year options to extend. The Wendy’s is operated by an experienced franchisee with over 80 units and a growth strategy. The property size is 2024 square feet.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parrish
    County
    Manatee
    State
    Florida
    Longitude
    -82.4284
    Latitude
    27.567148

    Nearby Similar for Sale

    • $415,000
      5.00 Acres

      Improved Fenced 5-Acre Property

      5-acre property with pole barn, wells, and established trees.
      8994 Bunker Hill Rd, Parrish, FL 34219
      View Details
    • $899,000
      1,407 SF

      Horse-Friendly Farmstead with Pool & Stables

      10+ acre farm with home, pool, and equestrian amenities.
      18155 Sr 62, Parrish, FL 34219
      View Details
    • Contact for pricing
      5,000 SF

      AutoZone Ground Lease Investment

      Single-tenant NNN ground lease with corporate-backed AutoZone.
      12015 Us Highway 301, Parrish, FL 34219
      View Details
    • Contact for pricing
      Pending

      New Townhouse in Lagoon Community

      Single-story townhouse with modern features in a luxurious lagoon community.
      9150 Gulf Haven Dr, Parrish, FL 34219
      View Details
    • Contact for pricing
      Pending

      Ready Now Bridgeport Villa

      Move-in ready villa in resort-style Parrish community.
      12408 Oak Hill Way, Parrish, FL 34219
      View Details
    • $1,900,000

      Vegetable Packinghouse on 15 Acres

      57,352 SF packinghouse on 15 acres near major roads.
      14375 Saffold Rd, Parrish, FL
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Single-tenant Wendy's NNN ground lease in Parrish, Florida.
    Where is this drive through restaurant located?
    The property is located at 12035 Us Highway 301 Parrish, FL.
    What are key features of this property?
    This property features: - Absolute NNN ground lease offers zero landlord responsibilities.; - Brand new 15-year lease with Wendy's, a globally recognized brand.; - Located at a signalized, hard corner intersection in a thriving mixed-use development.
    Request Owner's contact information
    12035 Us Highway 301 Parrish, FL 34219
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12035 Us Highway 301
    Parrish, FL 34219
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12035 Us Highway 301 Parrish, FL 34219
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Patrick Nutt
    Real Estate License ID: NO.281618
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!