Wendy’s

• Interstate Adjacent Location: Positioned immediately off the Interstate 295 and Commonwealth Avenue interchange, less than one tenth of a mile from the ramps, with Interstate 295 carrying more than 79,000 vehicles per day and the interchange generating approximately 31,600 daily ramp movements. Interstate 10 is roughly one mile south.
• Triple Net Lease Structure: The property is subject to a triple net lease with the tenant responsible for roof and structure, providing investors with a passive, management free investment.
• Long Term Lease with Substantial Option Term: Approximately sixteen years remain on the original twenty-year lease term expiring November 2042, followed by six five year renewal options that extend the potential income stream to 2072.
• Largest Wendy’s Franchisee in the United States: The lease is guaranteed by WEN SOUTH, LLC, an entity of Meritage Hospitality Group, a publicly traded operator of 320 restaurants across fifteen states and the largest Wendy’s franchisee in the country. Meritage completed a full remodel of the subject in 2023.
• Annual Rent Increases: The lease features annual increases tied to the Consumer Price Index throughout the remaining base term and option periods, providing contractual income growth and a direct hedge against inflation. Fixed increases every five years are the norm in the quick service restaurant sector, so an annual structure is uncommon.
• Employment Driven Trade Area: The site serves West Jacksonville, the region’s largest industrial submarket at roughly 71 million square feet, anchored within half a mile by Amazon’s 502,250 square foot Commonwealth Logistics Center and the 1,139 acre Westlake Industrial Park, home to Southeast Toyota Distributors, Georgia Pacific, UPS, Unilever, and BJ’s.
• Growing Jacksonville Market: The Jacksonville metropolitan area has grown to 1,785,500 residents, an increase of 8.7 percent over the last four years, and Northeast Florida recorded twelve project announcements, more than 2,400 new jobs, and nearly $1 billion of capital investment in 2025 alone.
• Recently Remodeled Building: The 3,187 square foot building sits on 1.09 acres and was fully remodeled in 2023, presenting a current image prototype with a drive thru and no near-term capital requirement for the landlord.