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Wendy's - Long-Term Abs. Net (NNN) - Hilliard 551015 US 1 Hwy 3,090 SF Retail Building Hilliard, FL 32046 $3,331,400 CAD ($1,078.12 CAD/SF) 5.25% Cap Rate
Investment Highlights
- 17-Year Absolute NNN Lease – Zero Landlord Responsibilities; Fully Passive Investment
- 25-Year Operating History – Proven Success And Stability At This Location
- Tax-Free State – Florida Has No State Income Tax
- Operated By Meritage Hospitality Group – 375+ Unit Wendy’s Franchisee
- 10% Rent Increases - At Each Scheduled Bump
Executive Summary
The 3,090-square-foot building, constructed in 2000, has been successfully operated as a Wendy’s for over 25 years. The tenant recently extended its lease early and committed to remodel to Wendy’s newest image prototype, underscoring long-term confidence in this location. The absolute NNN lease provides 17 years of remaining term, 10% rent increases every five years, and four additional 5-year options, offering fully passive, inflation-protected income.
Positioned as an outparcel to a Winn-Dixie supermarket—the only full-service grocer in the trade area—the site benefits from strong visibility, convenient access, and 16,600 vehicles per day. Surrounding the property are over 577 new homes planned or under construction, further enhancing the area’s growth and long-term stability.
Property Facts
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Accommodation and Food Services
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99,999 SF
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Lorem Ipsum
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Jan 0000
Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is Wendy's Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy’s Company is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption® and its signature Wendy’s Wonderful Kids® program, which seeks to find every child in the North American foster care system a loving, forever home. Today, Wendy’s and its franchisees employ hundreds of thousands of people worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 15-3N-24-0000-0008-0050 | Improvements Assessment | $1,178,387 CAD |
| Land Assessment | $201,804 CAD | Total Assessment | $1,380,191 CAD |
Property Taxes
Presented by
Wendy's - Long-Term Abs. Net (NNN) - Hilliard | 551015 US 1 Hwy
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