ABSOLUTE NNN

Absolute NNN Lease - is responsible for all maintenance, including roof, structure, plumbing, electrical, HVAC, parking lot, and all real estate taxes. Confirmed in lease Article V – tenant maintains interior, exterior, roof, HVAC, parking, and structural systems.
Long-Term Lease: 20 Years Starting 2019 + Four 5-Year Options • Initial Term: May 1, 2019 – April 30, 2039 13+ years remaining on the base contract. • Four (4) automatic 5-year. Maximum lease maturity: April 30, 2059
Annual Rent Escalations: 2% annual increases in base term and option terms.
Corporate-backed Lease by Reliable corporate guarantor 916 Florida Ops, LLC (new Wendy’s/Burger Den operator)

High visibility and 24-7 / Late-Night Drive-Thru Operation -he location operates with extended hours — drive-thru is open daily roughly 7:00 AM to 2:00 AM (8:00 AM start on Sundays) — covering breakfast through late night traffic
Situated on a Major Arterial Corridor (W. Hillsborough Ave)-W. Hillsborough Ave is a significant thoroughfare in Tampa, offering strong traffic counts and visibility, which typically drive high drive-by and impulse visits.
Broad Customer Base in Dense Urban Submarket -Median age of ~36 suggests a relatively younger, working-age population — likely to favor fast-casual and convenience-oriented dining such as Wendy’s.
Multi-channel Demand: Dine-In, Drive-Thru, Delivery & After-Hours Traffic -According to delivery-app data, this Wendy’s location supports delivery (e.g. via Grubhub) in addition to traditional dine-in/drive-thru service — expanding its customer reach