Wendy's NNN Restaurant
For Sale
Contact for pricing
1828 North Monroe Street, Tallahassee, FL 32399
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 Market82
Property Features for 1828 North Monroe Street
General Information
Standard status
Active
Size
2,146 SF
Total Parking Spaces
16
Lot size
0.60 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$146,085
Additional Details
Traffic Count
36,000 vehicles/day
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
CBRE LA
Listed By:
Patrick Conway · License #CA 01894502
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 30 at 3:29PM
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
Property Profile
Current Use
Lease Details
36,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,175
Businesses Nearby
175k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 34%
Shops & Services 21%
Electronics 2%
Publix
Groceries
59,386 visits/mo
0.2 miles
McDonald's
Dining
30,556 visits/mo
0.2 miles
Circle K
Shops & Services
15,796 visits/mo
0.5 miles
Golden Corral
Dining
14,775 visits/mo
0.3 miles
Wendy's
Dining
9,235 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
