Wendy's
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.
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