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Wendy's 4453 Southside Blvd 2,972 SF Retail Building Jacksonville, FL 32216 $3,047,619 ($1,025.44/SF) 5.25% Cap Rate
Investment Highlights
- Brand-New 20-Year Triple Net (NNN) Lease | The property is subject to a new 20-year NNN lease that requires no landlord responsibilities, providing in
- Strong National Tenant – Wendy’s | Wendy’s is one of the largest quick-service restaurant brands in the world, operating over 7,000 locations globally
- Scheduled Annual Rent Increases | The lease includes annual rent increases tied to CPI, not to exceed 1.50%, offering a reliable hedge against inflati
- Premier Jacksonville Retail Corridor | Located along Southside Boulevard, one of Jacksonville’s most heavily traveled thoroughfares with an average da
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 4453 Southside Blvd, Jacksonville, FL 32216. The site consists of roughly 2,972 rentable square feet of building space on an estimated 0.91-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $160,000 and has scheduled increases of cpi or 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,972 SF
Building Class
B
Year Built/Renovated
1998/2025
Price
$3,047,619
Price Per SF
$1,025.44
Cap Rate
5.25%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.91 AC
Zoning
CCG-1,Duval - Commercial Zoned District
Frontage
180’ on Southside Blvd
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 146036-1085 | Improvements Assessment | $153,200 |
| Land Assessment | $1,540,500 | Total Assessment | $1,693,700 |
Property Taxes
Parcel Number
146036-1085
Land Assessment
$1,540,500
Improvements Assessment
$153,200
Total Assessment
$1,693,700
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