This property is Off-Market

9055 New Kings Road
Jacksonville, FL 32219 ·

3,242 SF · Retail For Sale

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Wendys- Trout River

Price N/A Cap Rate 6.70%
Building Size 3,242 SF Occupancy 100%
Property Type Retail No. Stories 1
Property Sub-type Restaurant Tenancy Single
Property Use Type Net Lease Investment with 10+ years left on lease Year Built 2012
Construction Status Under Construction/Proposed Lot Size 1.02 AC
Commission Split 4%
Listing ID: 17826525 Date Created: 09/10/2012 Last Updated: 12/13/2012

Description

BRAND NEW CONSTRUCTION!! NNN Investment Deal!! New Wendys location in great growth area of Jacksonville, Fl. The site has recently been purchased and occupancy should take place by no later than end of December- early January.. Tenant is part of one of Wendys largest franchisees who will sign a 20 year lease with 5 year renewal options. . Guarantor is a 58 store Wendys chain in Michigan- Wendys of Michigan and tenant is a 23 store Wendys chain in Florida- Wendys of Florida. Parent company is Meritage Hospitality Group which is traded under the symbol MHGU.

This new Wendys restaurant is very close to highway proximity- I 295 and 9A as well as the Jacksonville Airport. Plenty of other restaurants and other retailers. Site offers 28 parking spaces on 1.02 acres.

Highlights

  • Wendys Michigan- 9/2/2012- Stockholder Equity- $7,454,752
  • Wendys Florida- 9/2/2012- Stockholder Equity- $2,001,098

Research

9055 New Kings Road, Jacksonville, FL 32219 (Duval County)

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