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Wendy's 2530 Blanding Blvd 3,069 SF Retail Building Middleburg, FL 32068 $2,266,500 ($738.51/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Outstanding Franchisee Guarantee
- Excellent Real Estate Fundamentals
- Drive-Thru Equipped Site Positioned Along a High-Traffic Retail Corridor
- Strong Unit-Level Performance
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Wendy's located at 2530 Blanding Boulevard, Middleburg, FL. The site consists of roughly 3,069 rentable square feet of building space on an estimated 1.02-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 10/8/2024. The current annual rent is $115,025 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,069 SF
Building Class
B
Year Built
2001
Price
$2,266,500
Price Per SF
$738.51
Cap Rate
5%
NOI
$113,325
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.02 AC
Zoning
BB - INTM Business
Frontage
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-05-24-006330-002-00 | Improvements Assessment | $608,007 |
| Land Assessment | $502,031 | Total Assessment | $1,110,038 |
PROPERTY TAXES
Parcel Number
14-05-24-006330-002-00
Land Assessment
$502,031
Improvements Assessment
$608,007
Total Assessment
$1,110,038
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Wendy's | 2530 Blanding Blvd
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