This rare Wendy’s NNN lease investment in Jacksonville, Florida offers a brand-new 20+ year absolute NNN lease with zero landlord responsibilities. Backed by Meritage Hospitality Group, one of the nation’s largest Wendy’s franchise operators, this property delivers passive, long-term income with built-in rent escalations. With a prime retail location, strong tenant performance, and a scheduled remodel, this asset is positioned for stability and growth in Florida’s largest city.

Absolute NNN Lease – True Passive Income

This Wendy’s operates under an absolute NNN lease, meaning the landlord has no maintenance or management responsibilities. All operating expenses, including taxes, insurance, and repairs, are covered by the tenant, providing investors with hands-off ownership and predictable income.

Long-Term Lease with Built-In Rent Growth

Wendy’s recently committed to a new 20.9-year lease, extending through 2046. Rent increases of 10% every five years ensure steady NOI growth, making this an attractive long-term hold for investors seeking stability and appreciation.

Upcoming Remodel Enhances Value

A full remodel is scheduled for 2026, with Wendy’s investing approximately $700,000 into upgrades. Until the remodel begins, the purchaser will benefit from elevated rent payments, further strengthening the investment’s near-term returns.

Prime Retail Location with High Traffic

Strategically positioned in Jacksonville, the property sits at a signalized intersection near Interstate 295, with exposure to over 85,000 vehicles daily. Located on a Home Depot outparcel and directly across from a Walmart Supercenter, the site benefits from strong retail synergies and consistent customer traffic.

Strong Corporate Backing

The lease is guaranteed by Meritage Hospitality Group, one of the largest Wendy’s franchisees in the U.S., operating more than 380 locations across 16 states. With over 12,000 employees and a proven track record of success, Meritage provides exceptional security for investors.

Jacksonville Market Strength

As Florida’s largest city, Jacksonville is experiencing rapid population growth, particularly in the surrounding trade area. Over 79,000 residents live within five miles, with nearly 13% projected growth within one mile by 2029. This strong demographic base supports long-term demand for QSR properties like Wendy’s.