Wendy's 1110 Blanding Blvd 2,995 SF Retail Building Orange Park, FL 32065 $2,914,472 CAD ($973.11 CAD/SF) 5.35% Cap Rate

CBRE is pleased to present Wendy’s for sale, located at 1110 Blanding Blvd in Orange Park, Florida. This site includes a 2,995 SF building on a 1.51-acre parcel and benefits from being situated on Blanding Blvd, which sees over 47,000 vehicles per day. The tenant has been operating successfully at this location for over 30 years and has shown further commitment to the location by signing a brand-new 20-year lease in November 2024, featuring 1.50% annual rent increases, offering a nice hedge against inflation.
The lease is backed by Meritage Hospitality Group, Inc., one of the fastest-growing restaurant operators in the United States and one of the largest Wendy’s franchisees, with over 400 locations across 16 states. In 2024, the company reported $668.8 million in revenue and $42.4 million in EBITDA, reflecting strong and stable performance. Headquartered in Grand Rapids, MI, Meritage is publicly traded (OTCQX: MHGU) and continues to execute an aggressive growth strategy with a target of expanding to 500 restaurants nationwide.