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28835074
28835075

2530 Blanding Blvd, Middleburg, FL 32068

CU
NY 10401294011
SURMOUNT
BM
NY 10401389060
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$2,158,571
177 days on market
Updated 3 days ago

Wendy's

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,069
Cap Rate 5.25%
NOI $113,325
Occupancy 100%
Brand/Tenant Wendy's
Lease Type NNN
Lease Term 20.1
Lease Expiration 10/31/2044
Remaining Term 18
Price per SqFt $703
Year Built 2001
Year Renovated 2022
Acreage 1.020
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 10/08/2024
Ownership Fee Simple

Retail | 5.25% CAP | 3,069 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for a Wendy's located at 2530 Blanding Boulevard, Middleburg, FL. The site consists of roughly 3,069 rentable square feet of building space on an estimated 1.02-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 10/8/2024. The current annual rent is $115,025 and has scheduled increases of 1.50% annually.

Investment highlights

  • Outstanding Franchisee Guarantee | The lease is subject to a long-term absolute triple net (NNN) lease guaranteed by Meritage Hospitality Group, the largest and most established Wendy's franchisee in the U.S. with 388+ operating units and a proven national track record of performance.

  • Drive-Thru Equipped Site Positioned Along a High-Traffic Retail Corridor | This Wendy’s location leverages its prime visibility and access along Blanding Blvd (SR-21), a regional thoroughfare carrying 40,061 vehicles per day, and benefits from a highly efficient drive-thru line that captures a significant share of this traffic. The property is further supported by a dense lineup of national retailers—including Publix, McDonald’s, Walgreens, and KFC—driving consistent consumer activity and reinforcing long-term retail stability.

  • Excellent Real Estate Fundamentals | Located approximately twenty miles from downtown Jacksonville, FL and comfortably within the Jacksonville MSA, the immediate area offers exceptional demographics. Jacksonville is the 10th largest city in the U.S with an estimated population of 1,009,833 as of 2024.

  • Strong Unit-Level Performance | Strategically situated along one of the area’s most active retail corridors, the asset benefits from exceptional visibility and robust unit-level performance. For more information, please contact the listing agents.

Listing Contacts

CU
NY 10401294011
SURMOUNT
BM
NY 10401389060
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$113,325.00
$9,443.75/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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Additional Information

Name
Brian Brockman
License
RB14037939
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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