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Wendy's 8625 Baymeadows Rd 2,830 SF Retail Building Jacksonville, FL 32256 $1,975,000 ($697.88/SF) 5.85% Cap Rate
Investment Highlights
- Triple Net Lease – Zero Landlord Responsibilities
- Structured Rent Escalations
- Substantial Franchisee Guarantee – Meritage Hospitality Group
- Recently Renovated to Wendy’s Current Image Standards
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 8625 Baymeadows Road, Jacksonville, FL 32256. The site consists of roughly 2,830 rentable square feet of building space on an estimated .9-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 9/1/2017. The current annual rent is $115,500 and has scheduled increases of Lesser of CPI or 5% Every Five Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,830 SF
Building Class
B
Year Built/Renovated
1981/2000
Price
$1,975,000
Price Per SF
$697.88
Cap Rate
5.85%
NOI
$115,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Zoning
CCG-1 - General Commercial Community - 1
Frontage
129’ on Baymeadows Road
Amenities
- Pylon Sign
Nearby Major Retailers
Property Taxes
| Parcel Number | 152741-0125 | Improvements Assessment | $364,576 |
| Land Assessment | $607,324 | Total Assessment | $971,900 |
Property Taxes
Parcel Number
152741-0125
Land Assessment
$607,324
Improvements Assessment
$364,576
Total Assessment
$971,900
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