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Wendy’s

Jacksonville, Florida

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Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 2001 Hamilton Street in Jacksonville, FL. The property consists of 2,859 square feet of building space and is situated on approximately 0.73 acres of land. This Wendy’s is subject to a 20-year triple-net (NNN) lease, which will commence at closing. The annual rent is $120,000 and is scheduled to increase by the lessor of the change in CPA and 1.25% annually throughout the base term, beginning in Year 3 and in each of the Six (6), Five (5)- Year option periods.

About the Investment
✓ Brand New 20-Year Sale Leaseback
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%)
Annually Starting in Year 3
✓ Six (6) Tenant Renewal Periods of Five (5) Years Each

About the Location
✓ Dense Retail Corridor | Publix, Ulta, Chick-Fil-A, Chase Bank, Longhorn Steakhouse, Massage Envy,
and Many More
✓ Strong Demographics | Population Exceeds 174,700 Individuals Within a Five-Mile
Radius
✓ Strong Real Estate Fundamentals | Located Less Than Eight Miles from Downtown
Jacksonville
✓ Strong Traffic Counts | Over 18,400 and 43,700 ADTC Along San Juan Avenue and Roosevelt Road,
Respectively
✓ Strong Academic Presence| Over 3,000 Students Attend Classes within a Two-Mile Radius of the
Subject Property
✓ Affluent Community | Average Household Income Exceeding $87,500 Within a Five- Mile
Radius
✓ Affluent Community | Average Household Income within a One-Mile Radius of the Subject Property
Exceeds $85,200 Annually

About the Tenant / Brand
✓ Meritage Hospitality Group is an Experienced 345+ Unit Operator
✓ Premier, National Growing Franchise with Operations in 16 States
✓ Expansion into Key Markets
✓ Proven Track Record with Operational History of Multiple High-Volume Locations throughout the
Country
✓ Public Company Guarantee (MHGU)
✓ Strong Brand Recognition | Wendy’s is the World’s Number Three Hamburger Chain
✓ Founded in 1986

Key Details

Price:
$2,526,316
Cap Rate:
4.75%
Annual Rent:
$120,000
Address:
2001 Hamilton Street, Jacksonville, Florida 32210
Property Type:
Quick Service Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Day Following Close of Escrow
Lease Expiration:
20 Years From Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
Lessor of Change in CPI or 1.25% Annually Starting Year 3
Lot Size:
0.73 Acres
Building Size:
2,893 SF
Year Built:
1982
Year Renovated:
2016
Tenant:
Wendy’s

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Ryan Sblendorio

License: 10401309105

Amelia Haydock

License: 10401334976

Erica Mitchell

License: 10401358653

Broker of record

Ryan Nee

License: BK3154667


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