Wendy's Restaurant with Redevelopment
For Sale
$1,700,000
1840 E Atlantic Boulevard, Pompano Beach, FL
Commercial Sale, Pompano Beach, FL
Property Size2,142 SF
Lot Size0.50 Acres
Price / SF$793.65
Days on Market94
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
Concrete, Flat, Built-Up
Listing Agency:
Campbell&Rosemurgy Real Estate
(954) 427-8686
Listed By:
John McQueston · License #671011
(561) 706-7721
Added: Jun 29
Changed: Sep 28
Last Checked: Sep 30 at 4:06PM
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.
The offering comprises 3 folios totaling 0.5 acres, improved with a 2,142-square-foot Wendy's restaurant constructed in 1975. The building features CBS and stucco construction, ceramic tile flooring, central air, a built-up flat concrete roof, public water, and public sewer. Wendy's currently operates at the site, with 2 five-year options extending to 2039.
Positioned 3 blocks west of Federal Hwy on E. Atlantic Hwy, the property includes 165' of frontage and a reported traffic count of 40,013. The site is near numerous national retail establishments and carries TO-EOD zoning. Permitted uses include high-density mixed-use development with residential units, professional offices, retail sales, restaurants and cafes, personal services, pedestrian-friendly amenities, and structured parking.
Positioned 3 blocks west of Federal Hwy on E. Atlantic Hwy, the property includes 165' of frontage and a reported traffic count of 40,013. The site is near numerous national retail establishments and carries TO-EOD zoning. Permitted uses include high-density mixed-use development with residential units, professional offices, retail sales, restaurants and cafes, personal services, pedestrian-friendly amenities, and structured parking.
Key Highlights
- Operating Wendy's restaurant on 3 folios totaling 0.5 acres
- 2,142‑square‑foot building constructed in 1975
- 2 five‑year lease 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
Retail
$743.4K
$650.4K – $867.3K
NOI $52,035 @ 7.0% cap · market cap 3.06%
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
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Operating restaurant property with established retail surroundings and zoning supporting mixed-use, office, retail, restaurant, and personal-service uses.
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 restaurant on 3 folios totaling 0.5 acres; 2,142‑square‑foot building constructed in 1975; 2 five‑year lease options extending to 2039
