Listed by SURMOUNT
$1,975,000
Wendy's
Details
Property Type Retail
Sub Type Restaurant - quick service
Square Footage 2,830
Cap Rate 5.85%
NOI $115,500
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type NNN
Lease Term 20
Lease Expiration 09/30/2037
Remaining Term 11
Rent Bumps Yes
Lease Options 6, 5-Year Options
Year Built 1981
Acreage 0.900
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 09/01/2017
Ground Lease No
Ownership Fee Simple
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Wendy's located at 8625 Baymeadows Road, Jacksonville, FL 32256. The site consists of roughly 2,830 rentable square feet of building space on an estimated .9-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 9/1/2017. The current annual rent is $115,500 and has scheduled increases of Lesser of CPI or 5% Every Five Years.
Investment highlights
- Triple Net Lease – Zero Landlord Responsibilities | Absolute NNN lease with no landlord obligations, with 11 years of term remaining and six (6) five-year renewal options.
- Substantial Franchisee Guarantee – Meritage Hospitality Group | Lease guaranteed by Meritage Hospitality Group, a public operator with 375+ locations across 15 states.
- Structured Rent Escalations | The lease is subject to rent increases every five years, equal to the lesser of 5% or the change in the Consumer Price Index (CPI) over the previous five years. The next increase is scheduled for September 2027.
- Recently Renovated to Wendy’s Current Image Standards | Underwent full corporate reimage in 2017 with a significant capital investment, enhancing long-term value and franchise retention at the site.
- Prime Baymeadows Retail Corridor | Positioned along Baymeadows Rd, one of Jacksonville’s busiest east-west corridors — adjacent to major shopping centers and dense rooftops.
- Surrounded by National Retail & Employment Anchors | Steps from Lowe’s, BJ’s, Dollar Tree, Winn-Dixie, Office Depot, and multiple public schools and healthcare facilities.
- Major College and Workforce Drivers | Less than 1 mile from Florida State College at Jacksonville and within reach of several major corporate campuses.
- Strong Traffic Counts Near I-95 | Located just west of I-95 (86,370 VPD) with 62,885 VPD on Baymeadows Rd — ensuring sustained consumer exposure and easy access.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,500.00
$9,625.00/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
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