Wendy's NNN
For Sale
$1,977,000
395 E Eau Gallie Blvd, Satellite Beach, FL 32937
Remodeled restaurant building under an absolute NNN lease with more than 12 years remaining.
Property Size2,398 SF
Price / SF$824.44
Days on Market109
Property Features for 395 E Eau Gallie Blvd
General Information
Standard status
Active
Size
2,398 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Additional Details
Cap Rate
5.5%
Traffic Count
23,000 vehicles/day
Amenities
Absolute NNN Leased Wendy's with 12+ Years Remaining
Upcoming (2028) Rent Bump of 26% - Equates to 6.96% Cap Rate
Excellent Frontage/Visibility Along Heavily Trafficked Eau Gallie Blvd – Nearly 23,000 VPD
Dense Retail Corridor – Located Across from Publix Anchored Shopping Center and Blocks from Walmart Super Center
Strong Demographics – Avg. Household Income $119,000 within 1 Mile and 93,000 People within 5 Miles
Building Details
Building Size
2,398 SF
Year Built
1977
Year Renovated
2019
Tenancy
Single
Listing Agency:
(206) 826-5730
Listed By:
Hank Wolfer · License #License(s): WA: 110547
(206) 826-5730
Source:
Marcusmillichap
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 12:53PM
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 Hank Wolfer
Investment Insights
Based on property information with market context.
The Wendy's restaurant building contains 2,398 square feet and was originally constructed in 1977 before receiving a remodel in 2019. The property is subject to an absolute NNN lease with more than 12 years remaining, supported by a regional Wendy's franchisee. Lease terms include a scheduled 26% rent increase in 2028.
Located on East Eau Gallie Boulevard in Satellite Beach, the property fronts an east-west thoroughfare carrying more than 23,000 vehicles per day. Nearby retail includes Publix, Walmart, Michael's, Ross, and Bealls, providing established commercial activity along the corridor. The property is in Brevard County within the broader Space Coast aerospace and defense region.
Located on East Eau Gallie Boulevard in Satellite Beach, the property fronts an east-west thoroughfare carrying more than 23,000 vehicles per day. Nearby retail includes Publix, Walmart, Michael's, Ross, and Bealls, providing established commercial activity along the corridor. The property is in Brevard County within the broader Space Coast aerospace and defense region.
Key Highlights
- 2,398‑square‑foot Wendy's restaurant building
- Constructed in 1977 and remodeled in 2019
- Absolute NNN lease with more than 12 years remaining
Property Analytics
Current Use
Lease Details
23,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 75%
Shops & Services 25%
ABC Fine Wine & Spirits
Groceries
9,573 visits/mo
0.5 miles
Texaco
Shops & Services
3,136 visits/mo
0.5 miles
Demographics for 32937, FL
27,306
Population
13,619
Households
2
Avg Household Size
50
Median Age
53%
College-Educated
99%
High-School Grad
6.8 sq mi
ZIP Area
4,016
Density / Sq Mi
$98,411
Median Household Income
$55,420
Median Earnings
$1,718
Median Rent
$421,300
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 - Remodeled restaurant building under an absolute NNN lease with more than 12 years remaining.
Where is this conventional restaurant located?
The property is located at 395 E Eau Gallie Blvd Satellite Beach, FL.
What is the asking price?
The asking price for this property is $1,977,000.
What are key features of this property?
This property features: 2,398‑square‑foot Wendy's restaurant building; Constructed in 1977 and remodeled in 2019; Absolute NNN lease with more than 12 years remaining
