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6.6%* Cap Rate (*July '27) - Wendy's NNN - FL 551015 US 1 Hwy 3,090 SF Retail Building Hilliard, FL 32046 $2,129,600 ($689.19/SF) 6.60% Cap Rate
Investment Highlights
- 6.60%* Cap Rate & NOI $140,553.60* (*Starting July 2027) - Current Cap Rate 6.00%
- Operated By Meritage Hospitality Group – 365+ Unit Wendy’s Franchisee
- 10% Rent Increases - At Each Scheduled Bump
- 17-Year Absolute NNN Lease – Zero Landlord Responsibilities; Fully Passive Investment
- 25-Year Operating History – Proven Success And Stability At This Location
- Tax-Free State – Florida Has No State Income Tax
Executive Summary
6.60%* Cap Rate & NOI $140,553.60* (*Starting July 2027) - Current Cap Rate 6.00%
We are pleased to present the opportunity to acquire a freestanding Wendy’s restaurant operated by Meritage Hospitality Group, one of the nation’s largest Wendy’s franchisees with over 365 units. The property is situated on a 1.51-acre fee simple parcel with 175 feet of frontage along U.S. Highway 1 in Hilliard, Florida, approximately 40 minutes from Jacksonville.
The 3,090-square-foot building, constructed in 2000, has been successfully operated as a Wendy’s for over 25 years. The tenant recently extended its lease early and committed to remodel to Wendy’s newest image prototype, underscoring long-term confidence in this location. The absolute NNN lease provides 17 years of remaining term, 10% rent increases every five years, and four additional 5-year options, offering fully passive, inflation-protected income.
Positioned as an outparcel to a Winn-Dixie supermarket—the only full-service grocer in the trade area—the site benefits from strong visibility, convenient access, and 16,600 vehicles per day. Surrounding the property are over 577 new homes planned or under construction, further enhancing the area’s growth and long-term stability.
We are pleased to present the opportunity to acquire a freestanding Wendy’s restaurant operated by Meritage Hospitality Group, one of the nation’s largest Wendy’s franchisees with over 365 units. The property is situated on a 1.51-acre fee simple parcel with 175 feet of frontage along U.S. Highway 1 in Hilliard, Florida, approximately 40 minutes from Jacksonville.
The 3,090-square-foot building, constructed in 2000, has been successfully operated as a Wendy’s for over 25 years. The tenant recently extended its lease early and committed to remodel to Wendy’s newest image prototype, underscoring long-term confidence in this location. The absolute NNN lease provides 17 years of remaining term, 10% rent increases every five years, and four additional 5-year options, offering fully passive, inflation-protected income.
Positioned as an outparcel to a Winn-Dixie supermarket—the only full-service grocer in the trade area—the site benefits from strong visibility, convenient access, and 16,600 vehicles per day. Surrounding the property are over 577 new homes planned or under construction, further enhancing the area’s growth and long-term stability.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,090 SF
Building Class
B
Year Built
2000
Price
$2,129,600
Price Per SF
$689.19
Cap Rate
6.60%
NOI
$140,554
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.51 AC
Zoning
CG
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Wendy's began in 1969 when Dave Thomas opened the first location in Columbus, Ohio. The chain became known for its square hamburger patties and signature Frosty desserts. Over time, Wendy's expanded internationally through franchising. Today, the restaurant operates thousands of locations worldwide while maintaining its focus on quick-service fast food. Wendy's continues building its global presence through both company-owned and franchised restaurant models.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 15-3N-24-0000-0008-0050 | Improvements Assessment | $864,186 |
| Land Assessment | $147,996 | Total Assessment | $1,012,182 |
Property Taxes
Parcel Number
15-3N-24-0000-0008-0050
Land Assessment
$147,996
Improvements Assessment
$864,186
Total Assessment
$1,012,182
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6.6%* Cap Rate (*July '27) - Wendy's NNN - FL | 551015 US 1 Hwy
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