Two Wendy’s locations were sold in Jacksonville. CrownPoint Partners announced the successful closing of two separately owned Wendy’s properties in Jacksonville, Florida, totaling $4 million in transaction volume. The two properties closed within 90 days of one another, with CrownPoint Partners representing both sides of each transaction.
The first transaction involved the $2.2 million sale of a Wendy’s, which closed late Spring. The off-market transaction was sourced by CrownPoint Partners, which represented both the private investor Seller based in Virginia and the Florida-based developer Buyer. Both parties are repeat CrownPoint clients.
The property is secured by an absolute net lease with approximately 12 years remaining and is operated by Meritage Hospitality Group. The property is strategically positioned as an outparcel to Oakleaf Town Center, anchored by Target and The Home Depot…