8625 Baymeadows Rd - Fast Food FOR SALE


Jacksonville, FL 32256- Deerwood Center
$1,975,000 USD
818-632-9542
8625 Baymeadows Rd, Jacksonville, FL for Sale
$1,975,000 USD
Fast Food - FOR SALE
1/2
null | 5.85% Cap Rate

8625 Baymeadows Rd
Jacksonville, FL 32256
Deerwood Center


HIGHLIGHTS

  • Triple Net Lease – Zero Landlord Responsibilities
  • Substantial Franchisee Guarantee – Meritage Hospitality Group
  • Structured Rent Escalations
  • Recently Renovated to Wendy’s Current Image Standards

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$709 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

CCG-1

APN/PARCEL ID

152741-0125

ASK ABOUT THIS PROPERTY

Armond AivazyanSurmountMore Info
818-632-9542

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Armond AivazyanSurmountMore Info
818-632-9542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.