9301 Knights Dr Punta Gorda, FL 33950-4737
- Drive through restaurants
- 2,706 SF
- 1.33 lot acres
Current Use by Public Records
- Wendy's / Fast Food Restaurant / Hamburger Restaurant
Property Details for 9301 Knights Dr
- Year built
- 1987
- Lot size
- 1.33 lot acres
- Property size
- 2,706 SF
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,565,000
- 6.5%
- $1,635,000
- 7%
- $1,675,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,675,000
- Geo Method
- $1,685,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,690,000
- Retail
- $1,750,000
- Mixed-Use
- $1,510,000
- Hospitality
- $1,835,000
- Educational
- $1,805,000
- Residential Income
- $1,725,000
- Energy
- $1,615,000
- Income-Based Land
- $1,780,000
- Food Service
- $1,930,000
Location Insight
- Map
- Local Demand
- City
- Punta Gorda
- County
- Charlotte
- State
- Florida
- Longitude
- -82.0083
- Latitude
- 26.8941
- CBSA code
- 39460
- CBSA name
- PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA
