Wendy's
Retail | 5.75% CAP | 2,972 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 4453 Southside Blvd, Jacksonville, FL 32216. The site consists of roughly 2,972 rentable square feet of building space on an estimated 0.91-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $160,000 and has scheduled increases of cpi or 1.50% annually.
Investment highlights
Brand-New 20-Year Triple Net (NNN) Lease | The property is subject to a new 20-year NNN lease that requires no landlord responsibilities, providing investors with a stable, passive income stream and long-term security.
Scheduled Annual Rent Increases | The lease includes annual rent increases tied to CPI, not to exceed 1.50%, offering a reliable hedge against inflation and consistent growth in rental income.
Strong National Tenant – Wendy’s | Wendy’s is one of the largest quick-service restaurant brands in the world, operating over 7,000 locations globally and recognized for its strong brand equity and consistent financial performance.
Premier Jacksonville Retail Corridor | Located along Southside Boulevard, one of Jacksonville’s most heavily traveled thoroughfares with an average daily traffic count exceeding 50,000 vehicles, ensuring high visibility and steady customer traffic.
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