9301 Knights Dr, Punta Gorda, FL 33950-4737

Property Details for 9301 Knights Dr

Year built

1987

Lot size

1.33 lot acres

Zone code

CG COMMERCIAL-GENERAL

Property type

Drive through restaurants

APN

41-23-21-426-002

APU

412321426002

Description

This exceptional investment opportunity presents a fee-simple Wendy's franchise located at 9301 Knights Dr, Punta Gorda, FL 33950. The property boasts a 2,697 square foot building on a 1.33-acre lot, constructed in 1987 and renovated in 2001. Currently operating under a 20.1-year absolute NNN lease (18.1 years remaining) commencing December 14, 2022, and expiring December 31, 2042, the lease includes four 5-year renewal options and 1.50% annual rent bumps. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $140,869 and a 5.00% cap rate. The asking price is $2,817,000. Benefiting from a prime location directly across from a Walmart Supercenter and ALDI, this Wendy's enjoys excellent visibility and accessibility with direct access to Interstate 75 (66,200 vehicles per day). The site also features 45 parking spaces and is situated at a signalized, hard corner intersection with multiple points of access. Nearby businesses include McDonald's, Wawa, The Home Depot, and Publix, creating strong tenant synergy. The presence of a Knights Inn & Motel 6 further enhances consumer traffic. This is a rare opportunity to acquire a well-established, high-performing Wendy's in a thriving location.

Location Insight

City

Punta Gorda

County

Charlotte

State

Florida

Longitude

-82.0083

Latitude

26.8941

CBSA code

39460

CBSA name

PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments