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Wendy's 8625 Baymeadows Rd 2,830 SF Retail Building Jacksonville, FL 32256 $2,756,942 CAD ($974.18 CAD/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Triple Net Lease – Zero Landlord Responsibilities
- Structured Rent Escalations
- Substantial Franchisee Guarantee – Meritage Hospitality Group
- Recently Renovated to Wendy’s Current Image Standards
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Wendy's located at 8625 Baymeadows Road, Jacksonville, FL 32256. The site consists of roughly 2,830 rentable square feet of building space on an estimated .9-acre parcel of land. Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 9/1/2017. The current annual rent is $115,500 and has scheduled increases of Lesser of CPI or 5% Every Five Years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,830 SF
Building Class
B
Year Built/Renovated
1981/2000
Price
$2,756,942 CAD
Price Per SF
$974.18 CAD
Cap Rate
5.85%
NOI
$161,229 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Zoning
CCG-1 - General Commercial Community - 1
Frontage
129’ on Baymeadows Road
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 152741-0125 | Improvements Assessment | $547,563 CAD |
| Land Assessment | $773,411 CAD | Total Assessment | $1,320,974 CAD |
PROPERTY TAXES
Parcel Number
152741-0125
Land Assessment
$773,411 CAD
Improvements Assessment
$547,563 CAD
Total Assessment
$1,320,974 CAD
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Wendy's | 8625 Baymeadows Rd
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