9055 New Kings Rd
Jacksonville, FL 32219
Wendy's Sale Lease-back · 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 180+ 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 180-plus 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 approximately 3,242 square feet and sits on 1.02 acres of land. This Wendy' s property is was constructed in 2012. 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 9055 New Kings Road in 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. Jacksonville has approximately 30,767 individuals residing within a three-mile radius of the property and more than 73,900 within a five-mile radius. This Wendy' s property is located on New Kings Road which has average daily traffic counts of 20,658 vehicles. Nearby the subject property is Interstate-295, which has average daily traffic counts of 67,309 vehicles.