6.60%* Cap Rate & NOI $140,553.60* (*Starting July 2027) - Current Cap Rate 6.00% We are pleased to present the opportunity to acquire a freestanding Wendy’s restaurant operated by Meritage Hospitality Group, one of the nation’s largest Wendy’s franchisees with over 365 units. The property is situated on a 1.51-acre fee simple parcel with 175 feet of frontage along U.S. Highway 1 in Hilliard, Florida, approximately 40 minutes from Jacksonville. 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.