Freestanding Wendy’s Restaurant
For Sale
$1,700,000
Pending
1840 E Atlantic Blvd, Pompano Beach, FL 33060
Freestanding Wendy’s with 165’ frontage and high traffic count, plus long-term options extending to 2039.
Property Size2,142 SF
Days on Market50
Property Features for 1840 E Atlantic Blvd
General Information
Standard status
Pending
Size
2,142 SF
Property subtype
Commercial
Site & Location
Traffic Count
40,013 vehicles/day
Road Access
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$17,610
Building Details
Building Size
2,142 SF
Year Built
1975
Stories
1
Units
1
Listing Agency:
CAMPBELL&ROSEMURGY REAL ESTATE
(561) 706-7721
Listed By:
John McQueston · License #B26063096
(561) 706-7721
Source:
Elliman
Added: Jul 5
Changed: Aug 8
Last Checked: Jul 23 at 4:45AM
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 CAMPBELL&ROSEMURGY REAL ESTATE
Investment Insights
Based on property information with market context.
A freestanding Wendy’s restaurant site built in 1975, presented for sale for the first time. The offering includes three folios, with one folio currently operated as a Wendy’s. The lease features (2) five-year options extending to 2039, providing long-term income visibility for an owner.
The property is located in the heart of Pompano Beach, approximately three blocks west of Federal Hwy. It has 165’ of frontage on E. Atlantic Hwy and is supported by a stated high traffic count of 40,013. The area is described as close to numerous national retail establishments, with walkability and bikeability ratings of 65 and 60, respectively.
From a tenant and operator fit perspective, the property supports restaurant/café uses and other permitted high-density mixed-use development options under TO-EOD, which are described as including residential units, professional offices, retail sales, and personal services. The same development framework encourages pedestrian-friendly amenities and structured parking, aligning the site with both foodservice use and broader mixed-use redevelopment concepts.
The property is located in the heart of Pompano Beach, approximately three blocks west of Federal Hwy. It has 165’ of frontage on E. Atlantic Hwy and is supported by a stated high traffic count of 40,013. The area is described as close to numerous national retail establishments, with walkability and bikeability ratings of 65 and 60, respectively.
From a tenant and operator fit perspective, the property supports restaurant/café uses and other permitted high-density mixed-use development options under TO-EOD, which are described as including residential units, professional offices, retail sales, and personal services. The same development framework encourages pedestrian-friendly amenities and structured parking, aligning the site with both foodservice use and broader mixed-use redevelopment concepts.
Key Highlights
- Freestanding Wendy’s built in 1975, located in the heart of Pompano Beach with high traffic count of 40,013.
- 3 blocks west of Federal Hwy with 165’ frontage on E. Atlantic Hwy (TO‑EOD).
- Long‑term tenancy: Wendy’s has two (2) 5‑year options extending to 2039.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,752
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,115,040
$1.1M
Cap Rate 7%
$796,457
$796.5K
Cap Rate 9%
$619,467
$619.5K
Market Conditions
NOI Build-Up for 2,142 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$77.1K $36.00/SF
− Vacancy
−$2.8K −$1.30/SF
EGI
$74.3K $34.70/SF
− OpEx
−$18.6K −$8.68/SF
NOI
$55.8K $26.03/SF
Area
Pompano Beach, FL
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,115,040
Cap Rate 7%
$796,457
Cap Rate 9%
$619,467
Alternative Uses
Best Use
Specialty Retail
$796.5K
$696.9K – $929.2K
NOI $55,752 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$835.4K
$731.0K – $974.6K
NOI $58,477 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40,013 VPD
Traffic count
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,301
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding Wendy’s with 165’ frontage and high traffic count, plus long-term options extending to 2039.
Where is this conventional restaurant located?
The property is located at 1840 E Atlantic Blvd Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Freestanding Wendy’s built in 1975, located in the heart of Pompano Beach with high traffic count of 40,013.; 3 blocks west of Federal Hwy with 165’ frontage on E. Atlantic Hwy (TO‑EOD).; Long‑term tenancy: Wendy’s has two (2) 5‑year options extending to 2039.
