CrownPoint Partners Closes Two Wendy’s Deals in Jacksonville for $4M

CrownPoint Partners has closed two separate Wendy’s property transactions in Jacksonville, Florida, totaling a $4 million investment.

The first property sold for $2.2 million in late spring and is secured by an absolute net lease with 12 years remaining. The restaurant is operated by Meritage Hospitality Group.

CrownPoint arranged the off-market transaction and represented both sides of the deal, advising a Virginia-based private investor selling the property and a Florida-based developer buying it. Both parties are repeat CrownPoint..

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