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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
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
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Accommodation and Food Services
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99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
Wendy's began in 1969 when Dave Thomas opened the first Wendy's Old Fashioned Hamburgers restaurant in Columbus, Ohio. The company operates a quick-service restaurant system built around company-operated and franchised locations, with a presence across the United States and international markets. Wendy's menu centers on made-to-order square hamburgers with fresh beef, along with chicken sandwiches and nuggets, Baconator items, Frosty desserts, and other core menu offerings. The company pursues ongoing menu development and expansion across the global restaurant system, reflecting a business focused on burgers, chicken, desserts, and franchise operations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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
Presented by
6.6%* Cap Rate (*July '27) - Wendy's NNN - FL | 551015 US 1 Hwy
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