Wendys Absolute Net Nnn Jacksonville Fl — Sale in Jacksonville, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Jacksonville, FL 32218

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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 375 units. The property is situated on a ±1.015-acre fee simple parcel at a signalized intersection along Max Leggett Parkway, one of Jacksonville’s primary commercial corridors, and directly across from the UF Health Jacksonville campus, a major regional employment and traffic driver. The ±3,106-square-foot building was constructed in 2014 and features a modern Wendy’s prototype with an efficient drive-thru layout and ample parking. The tenant operates under an absolute NNN lease structure, providing zero landlord responsibilities and a fully passive ownership profile. The lease runs through March 31, 2035, includes CPI-based rent increases every five years, and provides six (6) additional five-year renewal options, offering up to 39 years of potential term and long-term income protection. The property benefits from approximately ±195 feet of frontage and exceptional visibility along a corridor carrying ±25,000 vehicles per day. Its position on a signalized corner with dedicated turn lanes and full ingress/egress from both directions ensures superior accessibility and strong customer flow. Combined with its location on a main retail corridor and adjacency to UF Health Jacksonville, the site offers outstanding real estate fundamentals and long-term tenant durability. Investment Highlights: • 9-Year Absolute NNN Lease – Zero Landlord Responsibilities; Fully Passive Investment • Fee Simple Ownership – 100% Fully Depreciable Real Estate • CPI-Based Rent Increases Every 5 Years – Built-In Inflation Protection and Long-Term Income Growth

Market Context

This retail in Jacksonville, FL is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Jacksonville, FL — view the full market.

As of Q1 2026, the Jacksonville retail market showed cap rates around 7.6%. Source: multiple brokerage reports, Q1 2026.

Its 6.0% asking cap rate is below the Jacksonville retail market average of about 7.6%, reflecting premium pricing relative to comparable assets.

Retail market FAQ

What is the typical cap rate for retail in Jacksonville?
About 7.6% as of Q1 2026, per multiple brokerage reports.

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