Century Partners Real Estate Inc. is pleased to offer the opportunity to acquire a single-tenant Wendy's drive-thru located in Jacksonville, FLorida.
This offering features a seasoned Wendy’s location operating since 1998, backed by a 20-year absolute NNN lease with CPI-based annual rent escalations (capped at 1.5%). The lease is guaranteed by Meritage Hospitality Group, the largest Wendy’s franchisee with ±388 units across 16 states. Wendy’s itself boasts a global footprint of ±7,500 locations.
Strategically located on Southside Blvd with over 51,000 vehicles per day, the property has operated for over 25 years as a Wendy's. It sits across from Publix and at the entrance to a Cinemark-anchored shopping center. Directly adjacent tenants include McDonald’s and Chick-fil-A, proving out the desirability of the site and contribute to strong cross-traffic and consumer draw.
The area serves as a major commuter corridor with significant office and multifamily density, ensuring long-term viability and foot traffic. This asset presents a stable, long-duration net lease investment with a high-credit operator in a premier retail corridor.