NNN Restaurant
For Sale
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15408 NE U.S Highway 301, Waldo, FL 32694
Wendy’s facility with a long-term absolute NNN lease structure and multiple renewal options.
Property Size3,247 SF
Lot Size2.01 Acres
Days on Market143
Property Features for 15408 NE U.S Highway 301
General Information
Standard status
Active
Size
3,247 SF
Lot size
2.01 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
Listed By:
Amelia Haydock · License #NY: 10401334976
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 9:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
This 3,247-square-foot Wendy’s restaurant occupies approximately 2.01 acres at 15408 NE U.S. Highway 301 in Waldo, Florida. The property combines an operating restaurant improvement with a newly structured lease intended to begin immediately after closing.
The tenant is expected to execute a 20-year triple-net lease with no landlord responsibilities. Contractual rent adjustments are set at the lesser of CPI changes or 1.25% annually, beginning in Year 3. The agreement also includes six five-year renewal options extending beyond the initial term. Meritage Hospitality Group will provide the lease guaranty and is identified as a Wendy’s franchise operator with 337 units.
The tenant is expected to execute a 20-year triple-net lease with no landlord responsibilities. Contractual rent adjustments are set at the lesser of CPI changes or 1.25% annually, beginning in Year 3. The agreement also includes six five-year renewal options extending beyond the initial term. Meritage Hospitality Group will provide the lease guaranty and is identified as a Wendy’s franchise operator with 337 units.
Key Highlights
- 3,247 SF Wendy’s restaurant on approximately 2.01 acres
- 20‑year triple‑net lease planned to commence after closing
- No landlord responsibilities under the proposed lease structure
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 32694, FL
1,962
Population
1,305
Households
1.5
Avg Household Size
48
Median Age
24%
College-Educated
84%
High-School Grad
29.3 sq mi
ZIP Area
67
Density / Sq Mi
$40,455
Median Household Income
$36,862
Median Earnings
$673
Median Rent
$121,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Wendy’s facility with a long-term absolute NNN lease structure and multiple renewal options.
Where is this nnn property located?
The property is located at 15408 NE U.S Highway 301 Waldo, FL.
What are key features of this property?
This property features: 3,247 SF Wendy’s restaurant on approximately 2.01 acres; 20‑year triple‑net lease planned to commence after closing; No landlord responsibilities under the proposed lease structure
