CAP Rate: 5.35%
Net Operating Income: $140,420
Square Footage: 2,276
Year Built: 2019
The subject property is a 2,276 square foot Wendy’s located in Jacksonville, TX. The new construction site is operating on a new 20 year lease with 10% increases every 5 years. This is an absolute NNN lease with zero landlord responsibilities. The site is ideally positioned and sees over 24,000 combined vehicles per day, surrounding major retailers include: Walmart, Chili’s, AutoZone, Denny’s, Dairy Queen, Sonic, Subway, Dominos and many more.
Jacksonville is a city located in Cherokee County, Texas, United States. The population was 14,544 at the 2010 census. It is the principal city of the Jacksonville Micropolitan Statistical Area, which includes all of Cherokee County, and part of the larger Tyler–Jacksonville combined statistical area.
Jacksonville is located in an area of rolling hills in East Texas, north of the county seat, Rusk, and south of Tyler, in neighboring Smith County, on U.S. Highway 69. The north-south Highway 69 intersects the east-west U.S. Highway 79 adjacent to the city’s downtown area.
Area production and shipping of tomatoes gained the town the title “Tomato Capital of the World”. The impressive red iron ore rock Tomato Bowl, built by Works Progress Administration workers during the Great Depression, is home to the Jacksonville High School “Fightin’ Indians” football and soccer teams. Annual events include the “Tops in Texas Rodeo” held in May and the “Tomato Fest” celebration in June.