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Wendys- Trout River

9055 New Kings Road, Jacksonville, FL 32219

N/A

3,242 SF | Retail

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Retail Property - Off Market

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

Highlights

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

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.

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

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