Wendy's NNN
For Sale
Contact for pricing
6864 Longleaf Pine Pkwy, Saint Johns, FL 32259
Freestanding Wendy’s restaurant supported by a new long-term triple-net lease structure.
Property Size2,350 SF
Lot Size1.21 Acres
Days on Market142
Property Features for 6864 Longleaf Pine Pkwy
General Information
Standard status
Active
Size
2,350 SF
Lot size
1.21 Acres
Property subtype
Retail
Building Details
Buildings
1
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 2:01PM
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.
The property is a Wendy’s restaurant occupying 2,350 square feet on approximately 1.21 acres at 6864 Longleaf Parkway in St. Johns, Florida. A new 20-year triple-net lease is scheduled to begin after closing, with no landlord responsibilities under the stated lease structure.
Base-term rent adjustments are tied to the lesser of CPI changes or 1.25% annually beginning in Year 3. The lease also includes six five-year renewal options, with increases continuing through those option periods. Meritage Hospitality Group will provide the lease guaranty; the company operates more than 345 units and is identified as the largest Wendy’s franchisee.
Base-term rent adjustments are tied to the lesser of CPI changes or 1.25% annually beginning in Year 3. The lease also includes six five-year renewal options, with increases continuing through those option periods. Meritage Hospitality Group will provide the lease guaranty; the company operates more than 345 units and is identified as the largest Wendy’s franchisee.
Key Highlights
- Wendy’s restaurant with 2,350 square feet of building space
- Approximately 1.21 acres at 6864 Longleaf Parkway, St. Johns, FL 32259
- New 20‑year triple‑net lease planned after closing
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
77k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Shops & Services 31%
Dining 15%
Beauty & Spa 2%
Publix
Groceries
39,835 visits/mo
0.2 miles
Shell
Shops & Services
22,363 visits/mo
0.3 miles
Dunkin' Donuts
Dining
7,867 visits/mo
0.2 miles
Rita's Italian Ice
Dining
3,645 visits/mo
0.3 miles
Great Clips
Beauty & Spa
1,596 visits/mo
0.3 miles
Demographics for 32259, FL
62,169
Population
23,235
Households
2.7
Avg Household Size
38
Median Age
54%
College-Educated
98%
High-School Grad
56.5 sq mi
ZIP Area
1,100
Density / Sq Mi
$144,168
Median Household Income
$65,584
Median Earnings
$2,268
Median Rent
$480,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Freestanding Wendy’s restaurant supported by a new long-term triple-net lease structure.
Where is this nnn property located?
The property is located at 6864 Longleaf Pine Pkwy Saint Johns, FL.
What are key features of this property?
This property features: Wendy’s restaurant with 2,350 square feet of building space; Approximately 1.21 acres at 6864 Longleaf Parkway, St. Johns, FL 32259; New 20‑year triple‑net lease planned after closing
