Property History
Absolute NNN Wendy’s with No Landlord Maintenance: Absolute NNN Wendy’s Situated at a Signalized Intersection on a Highly Trafficked Section of Lem Turner Road (15,000 Vehicles Per Day (VPD)) Just Off Interstate 295 (70,000 VPD) in Jacksonville, FL
Brand New 20+ Year Lease with Fixed Rent Increases: Wendy’s Has Operated at this Location for Several Decades and Recently Extended Its Lease for Over 20-Years with 10% Rent Increases Every 5-Years Making This an Ideal Passive Investment
Upcoming Remodel, Elevated Rent Until Remodel Starts: This Unit Will Be Completely Remodeled (Expected 2026 Representing a +/- $700,000 Building Investment) - Purchaser Will Receive Elevated Rent of $14,973 per Month Until Remodel Commencement
Located on a Home Depot Outparcel Across from Walmart: Highly Favorable Location as an Outparcel to a Busy Home Depot and Immediately Across the Street from a Walmart Super Center with Full Grocery Store Providing Enhanced Retail Synergies
Elite Lease Guarantee from Meritage Hospitality Group: Lease Guaranteed by Meritage Hospitality Group, One of the Largest Wendy’s Franchisees Nationally with Over 12,000 Employees and 380+ Locations in 16 States
Located in Jacksonville, Florida’s Largest City: About 15 Minutes from Downtown Jacksonville w/ Over 79,000 People Living Within a 5-Mile Radius and a Huge Population Increase of Nearly 13% Projected Within 1-Mile Between 2024 and 2029
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