Wendy's Restaurant with
For Sale
$1,700,000
1840 E Atlantic Boulevard, Pompano Beach, FL
SINGLE_FAMILY - Pompano Beach, FL
Property Size2,142 SF
Lot Size0.50 Acres
Price / SF$793.65
Days on Market48
Property Features for 1840 E Atlantic Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
TO-EOD
Parking
48
Lot features
Interior Lot, Sidewalks
Directions
Located 3 blocks west of Federal Hwy. on the south side of East Atlantic Blvd.
Subdivision
3341
Standard status
Active
APN
484236012880
Size
2,142 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PINEHURST 5-13 B LOT 1 LESS N 10 FOR ST,2 LESS N 10 FOR ST,3 LESS N 10 FOR ST BLK 25
Tax Annual Amount
17611
Legal Description
PINEHURST 5-13 B LOT 1 LESS N 10 FOR ST,2 LESS N 10 FOR ST,3 LESS N 10 FOR ST BLK 25
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1975
Floors in Building
1
Number of units
1
Flooring type
Tile - Ceramic
Building materials
CBS, Concrete Block - With Stucco, Stucco
Roof type
Built-Up, Flat, Concrete
Listing Agency:
Campbell&Rosemurgy Real Estate
(954) 427-8686
Listed By:
John McQueston · License #671011
(561) 706-7721
Added: Jun 29
Changed: Aug 6
Last Checked: Aug 15 at 5:06PM
MLS# B26046774
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Wendy’s restaurant property is described as first time available for sale and operates across three folios, with one folio operating as a Wendy’s in the heart of Pompano Beach. The building was built in 1975, has ceramic tile flooring, and features central air. The site is served by public water and public sewer, with cable available, and is constructed with CBS (concrete block with stucco) and a built-up concrete flat roof.
The site is 165' of frontage on E. Atlantic Boulevard and is located about three blocks west of Federal Highway, with a stated high traffic count of 40,013. Zoning is TO-EOD. Permitted uses indicated include high-density mixed-use developments with residential units, professional offices, retail sales, restaurants/cafes, and personal services, while encouraging pedestrian-friendly amenities and structured parking.
Wendy’s has (2) 5-year options extending to 2039, and the tenant is described as having one of the longest tenancies in the area.
The site is 165' of frontage on E. Atlantic Boulevard and is located about three blocks west of Federal Highway, with a stated high traffic count of 40,013. Zoning is TO-EOD. Permitted uses indicated include high-density mixed-use developments with residential units, professional offices, retail sales, restaurants/cafes, and personal services, while encouraging pedestrian-friendly amenities and structured parking.
Wendy’s has (2) 5-year options extending to 2039, and the tenant is described as having one of the longest tenancies in the area.
Key Highlights
- Operating Wendy's across three folios
- 165' frontage on E. Atlantic Boulevard
- Stated traffic count of 40,013
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
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
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 - Wendy's restaurant with central air, public water and sewer, and TO-EOD zoning for a range of mixed-use options.
Where is this conventional restaurant located?
The property is located at 1840 E Atlantic Boulevard 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: Operating Wendy's across three folios; 165' frontage on E. Atlantic Boulevard; Stated traffic count of 40,013
