Dark Wendy's | Call For Offers
Retail | 3,082 SqFt
Marketing description
The Former Wendy’s Located at 5752 Butler Point Road in Jacksonville, Florida Represents a Strong Investment Opportunity. Given its Prime Location, Creditworthy
Lease Guarantor, and Long-Term Potential. Situated Just Off I-95 Near The J. Turner Butler Boulevard Interchange. The 3,082 Square Foot Building sits on Nearly .93
Acres with High Traffic Counts of 47,000 Vehicles Per Day on J Turner Butler Blvd (JTB) & 38,500 VPD on Philips Highway.
Strong Demographics Including an Average Household Income Exceeding $90,000 Within Three Miles. The Property’s Drive-Thru Configuration, Visibility, and
Surrounding National Retailers Make it Highly Desirable for Quick-Service Restaurant Users. The Lease Is Guaranteed By Meritage Hospitality Group Inc., for 3 more
Years.
One of The Largest Wendy’s Franchise Operators in The United States With Over 375 Units Across 15 States. Meritage Is A Publicly Traded Company (OTC: MHGU)
Known For Its Operational Strength, Active Development Pipeline, and Consistent Earnings Performance, Providing Strong Credit Support for the remainder of the
Lease.
Assuming An Absolute NNN Structure With Minimal Landlord Responsibilities And CPI-Based Rent Increases, the Investment Offers Stable Cash Flow With Long-Term
Upside. Future Potential Includes Re-Tenanting To Another National Brand or Redevelopment of The Site. Given the Site’s Excellent Accessibility, High-Income Trade
Area, and Corporate-Backed Lease This Asset Appeals to Investors Seeking Secure, Predictable Income With Attractive Residual Value And Redevelopment Flexibility in a Growing Jacksonville Corridor.
Investment highlights
The Lease Is Guaranteed By Meritage Hospitality Group Inc. (OTC: MHGU)
High-Quality Real Estate Fundamentals: The 3,082 Square Foot Free-Standing Building On 0.93 Acres
Features A Drive-Thru, Ample Parking, And Excellent Access Points—Ideal For Quick-Service Restaurant Operations.
Premier QSR Site With Exceptional Visibility: Positioned at The Signalized Intersection of Butler Point Road and Philips Highway
47,000 Vehicles Per Day On J. Turner Butler Boulevard And 38,500 Vehicles Per Day On Philips Highway, Ensuring Strong Exposure And Accessibility.
The Site’s Drive-Thru Infrastructure And Dense Retail Trade Area Offer Strong QSR Backfill Opportunities From Leading National And Regional Brands.
Within A Three-Mile Radius the Property Serves a Population Exceeding 85,000 Residents, With Average Household Income $78,000 & Over 89,000 Households
Situated In Jacksonville’s Southside Business District, The Property Benefits From Ongoing Commercial And Residential Development, Supporting Long-Term Stability And Appreciation Potential.
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