3136 Emerson St
Jacksonville, FL 32207
Wendy's SLB · Retail Property For Sale

The subject investment opportunity is a Wendy's located in Jacksonville, Florida. The Franchisee, Meritage Hospitality Group has been in the Wendy's system for nearly 40 years and operates 167 units throughout eight states. Meritage Hospitality Group is the nation's only publicly-traded "Wendy's Old Fashioned Hamburgers" restaurant franchisee. This lease will be backed by 165+ Meritage Hospitality Group Wendy's locations.The tenant will enter into a brand new, 20-year triple-net (NNN) sale-leaseback with absolutely no landlord responsibilities upon the close of escrow. The building is comprised of roughly 3,500 square feet and sits on approximately 0.92 acres of land. This Wendy' s property is brand new construction. The lease will call for rental increases every five years equal to the lesser of 5 percent or the change in CPI over the previous five years. The lease will also be subject to six, five-year tenant renewal options. This Wendy' s property is located at 3136 Emerson Street Jacksonville, Florida. Jacksonville is the largest city by population in the U.S. state of Florida, the 12th most populous city in the United States and the largest city by area in the contiguous United States. It is the county seat of Duval County. The subject property is well-positioned, benefiting from its close proximity to many major national and local retailers. Major national retailers in the area include: Walmart, Dunkin Donuts, Wells Fargo, Dollar Tree, Walgreens, CVS, T.J. Maxx, Restaurant Depot, Taco Bell, Captain D' s, and KFC, as well as many others. The subject property is located approximately two miles from Memorial Hospital, which has over 400 beds.