This Retail Property is Off-Market.

9055 New Kings Road
Jacksonville, FL 32219 ·

3,242 SF · Retail For Sale

N/A

Print

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)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Jacksonville Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

  • 5525 N. Main Street
    5525 N. Main Street

    Jacksonville, FL 32208

    For Sale · $975,000

    2,630 SF Building

    Service/Gas Station

  • 11307  N Main Street
    11307 N Main Street

    Jacksonville, FL 32218

    For Sale · $950,000

    2,569 SF Building

    Service/Gas Station

  • 920 Margaret St
    920 Margaret St

    Jacksonville, FL 32204

    For Sale · $1,090,909

    2,780 SF Building

    Retail (Other)

  • 6259 BEACH BLVD
    6259 BEACH BLVD

    Jacksonville, FL 32216

    For Sale · $399,900

    2,550 SF Building

    Free Standing Bldg

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)