Single-Tenant NNN Restaurant
For Sale
Contact for pricing
419 Pelham Rd N, Jacksonville, AL 36265
Wendy’s operates under a long-term lease with scheduled contractual rent increases.
Property SizeContact for details
Days on Market144
Property Features for 419 Pelham Rd N
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Stephen Schrenk · License #NJ
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 11:58PM
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 Forged Real Estate
Investment Insights
Based on property information with market context.
This fee-simple commercial property is leased to Wendy’s under a single-tenant NNN structure. The current lease term extends for 20 years, with contractual 6% rent increases scheduled every 3 years. The agreement also includes two 10-year extension options, and the scheduled increases continue through those option periods.
The property is located at 419 Pelham Rd N in Jacksonville, Alabama, approximately 0.2 miles from Jacksonville State University. The university has more than 9,000 students and includes a business school. The combination of a national restaurant tenant, long-term lease structure, and defined renewal economics provides a clear framework for evaluating the asset.
The property is located at 419 Pelham Rd N in Jacksonville, Alabama, approximately 0.2 miles from Jacksonville State University. The university has more than 9,000 students and includes a business school. The combination of a national restaurant tenant, long-term lease structure, and defined renewal economics provides a clear framework for evaluating the asset.
Key Highlights
- Single‑tenant Wendy’s property leased on an NNN basis
- 20‑year lease term
- 6% rent increases every 3 years
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
183k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 19%
Electronics 4%
Apparel 3%
Chick-fil-A
Dining
28,510 visits/mo
0.1 miles
McDonald's
Dining
22,421 visits/mo
0.3 miles
Whataburger
Dining
14,947 visits/mo
0.2 miles
Jack's Family Restaurants
Dining
14,360 visits/mo
0.2 miles
MAPCO Mart
Shops & Services
11,413 visits/mo
0.3 miles
Demographics for 36265, AL
22,018
Population
9,582
Households
2.3
Avg Household Size
30
Median Age
27%
College-Educated
89%
High-School Grad
98.1 sq mi
ZIP Area
224
Density / Sq Mi
$51,574
Median Household Income
$23,697
Median Earnings
$794
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Wendy’s operates under a long-term lease with scheduled contractual rent increases.
Where is this nnn property located?
The property is located at 419 Pelham Rd N Jacksonville, AL.
What are key features of this property?
This property features: Single‑tenant Wendy’s property leased on an NNN basis; 20‑year lease term; 6% rent increases every 3 years
