INVESTMENT OVERVIEW:
Price: $1,550,906
CAP Rate: 5.85%
Net Operating Income: $90,728
Square-Footage: 2,726
Year Built: 1999
Traffic Counts Over 42,000 Cars Per Day
INVESTMENT HIGHLIGHTS:
– 100% Fee Simple Interest
– Absolute NNN Lease
– Heavily Trafficked Location
– Income Tax Free State
– Zero Landlord Obligations
PROPERTY INFORMATION:
The subject property is a 2,726 square foot Wendy’s located in Jacksonville, Florida. Located adjacent to Walgreens, the property features excellent exposure on US 90, one of the main corridors in Jacksonville. Daily traffic counts on US 90 exceed 60,000 vehicles. The site sits directly across from a 156,000+SF neighborhood center which includes a Publix, Planet Fitness and Medical Offices.
LOCATION INFORMATION:
Jacksonville, the largest city in area in the continental United States, is a rapidly growing metropolitan city in Northeast Florida. Due to its convenience location, mild climate, reasonable cost of living, high quality of life and a business-friendly government, Jacksonville is a popular location for corporate expansions and relocations. With a growing population, a strong economy, diverse cultural and recreational opportunities and abundant natural resources, Jacksonville continues to distinguish itself as one of the nation’ s most dynamic and progressive cities.
