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29814747
29814746

15236 Max Leggett Pkwy, Jacksonville, FL 32218

RB
FL BK3248800
Marcus & Millichap
LB
FL SL3249357
Marcus & Millichap
Listed by Marcus & Millichap
$2,401,042
111 days on market
Updated 4 days ago

Wendy’s Absolute Net (NNN) Lease - Jacksonville FL

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,106
Net Rentable (SqFt) 3,106
Cap Rate 6%
NOI $144,062
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type Absolute NNN
Remaining Term 9
Rent Bumps Yes
Lease Options Six 5-year Options
Broker Co-Op Yes
Year Built 2014
Buildings 1
Stories 1
Acreage 1.000
Ownership Fee Simple

Retail | 6.00% CAP | 3,106 SqFt

Marketing description

We are pleased to present the opportunity to acquire a freestanding Wendy’s restaurant operated by Meritage Hospitality Group, one of the nation’s largest Wendy’s franchisees with over 375 units. The property is situated on a ±1.015-acre fee simple parcel at a signalized intersection along Max Leggett Parkway, one of Jacksonville’s primary commercial corridors, and directly across from the UF Health Jacksonville campus, a major regional employment and traffic driver.

The ±3,106-square-foot building was constructed in 2014 and features a modern Wendy’s prototype with an efficient drive-thru layout and ample parking. The tenant operates under an absolute NNN lease structure, providing zero landlord responsibilities and a fully passive ownership profile. The lease runs through March 31, 2035, includes CPI-based rent increases every five years, and provides six (6) additional five-year renewal options, offering up to 39 years of potential term and long-term income protection.

The property benefits from approximately ±195 feet of frontage and exceptional visibility along a corridor carrying ±25,000 vehicles per day. Its position on a signalized corner with dedicated turn lanes and full ingress/egress from both directions ensures superior accessibility and strong customer flow. Combined with its location on a main retail corridor and adjacency to UF Health Jacksonville, the site offers outstanding real estate fundamentals and long-term tenant durability.

Investment highlights

  • 9-Year Absolute NNN Lease – Zero Landlord Responsibilities; Fully Passive Investment

  • Fee Simple Ownership – 100% Fully Depreciable Real Estate

  • Strong Real Estate Fundamentals: ±1.015 Acre Parcel, 3,106 SF Free-Standing Building, Ample Parking and Efficient Drive-Thru Configuration

  • Signalized Corner Intersection – Prime Positioning on a Major Retail Corridor

Listing Contacts

RB
FL BK3248800
Marcus & Millichap
LB
FL SL3249357
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$144,062.00
$12,005.17/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Roee Ben-Moshe
License
BK3248800
Name
Leeor Ben-Moshe
License
SL3249357
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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