December 5, 2024 – Michael Talbert and Dan Bernardini of Horvath & Tremblay have successfully completed the sale of a Wendy’s in Melbourne, Florida. Horvath & Tremblay represented the seller and sourced the buyer to complete the transaction at a sale price of $1,700,000.
Wendy’s is located at 2650 W New Haven Avenue in Melbourne, Florida. Wendy’s occupies a 2,728 square foot building positioned on a 1.15-acre parcel of land. Wendy’s has 16+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 7.5% increases in rent every five years throughout the primary term and the start of each renewal option. Wendy’s is positioned along W New Haven Avenue (US Route 192), the area’s primary commercial and commuter corridor. The Property enjoys outstanding visibility and frontage and is adjacent to Target and convenient to national retailers, restaurants, the Melbourne Square Mall, and Melbourne Orlando International Airport that drive traffic to the area. Additionally, the Property is surrounded by densely populated residential communities that provide a built-in customer base. The Property is convenient to Interstate 95 and is approximately 70-miles southeast of Orlando.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.