Wendy's NNN Restaurant
1828 North Monroe Street Tallahassee, FL 32399
For Sale
Contact for pricing
Build-to-suit 2023 Wendy’s on a 0.6-acre site with an absolute NNN lease.
Property Size2,146 SF
Lot Size0.60 Acres
Price / SF$1,272
Days on Market44
Property Features for 1828 North Monroe Street
General Information
- Standard status
- Active
- Size
- 2,146 SF
- Lot size
- 0.60 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing Agency:
CBRE LA
Listed By:
Patrick Conway · License #CA 01894502
Source:
Crexi
Added: Jun 11
Changed: Jul 23
Last Checked: Jul 24 at 8:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE LA
Investment Insights
Based on property information with market context.
CBRE presents a Wendy’s available for sale featuring a 2,146 SF building built-to-suit in 2023 on a 0.6-acre parcel. The property is leased under a 20-year absolute NNN structure executed August 29, 2023, with 1.25% annual rental increases throughout the base term and within six, 5-year renewal options. The lease is backed by Meritage Hospitality Group, Inc., one of the largest Wendy’s franchisees in the nation, operating approximately 355 restaurant locations across 15 states.
The site is located on North Monroe Street, described as a direct artery to downtown Tallahassee and Florida State University. The property benefits from visibility on North Monroe Street, which is reported to exceed 36,000 vehicles per day.
The site is located on North Monroe Street, described as a direct artery to downtown Tallahassee and Florida State University. The property benefits from visibility on North Monroe Street, which is reported to exceed 36,000 vehicles per day.
Key Highlights
- 2,146 SF build‑to‑suit Wendy’s completed in 2023 on a 0.6‑acre parcel at 1828 North Monroe Street, Tallahassee, FL
- High‑traffic North Monroe St. location with traffic counts exceeding 36,000 vehicles per day
- Tenant executed a 20‑year absolute NNN lease on August 29, 2023
Property Analytics
Location Intelligence
Current Use by Public Records
Wendy's
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Build-to-suit 2023 Wendy’s on a 0.6-acre site with an absolute NNN lease.
Where is this conventional restaurant located?
The property is located at 1828 North Monroe Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $2,730,560.
What are key features of this property?
This property features: 2,146 SF build‑to‑suit Wendy’s completed in 2023 on a 0.6‑acre parcel at 1828 North Monroe Street, Tallahassee, FL; High‑traffic North Monroe St. location with traffic counts exceeding 36,000 vehicles per day; Tenant executed a 20‑year absolute NNN lease on August 29, 2023
