Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, freestanding former Wendy's restaurant located at 1175 Dunn Avenue in Jacksonville, Florida. Offered at $2,300,000, the property consists of a 2,674-square-foot building situated on approximately 0.84 acres. Originally constructed in 1979 and completely renovated in 2024, the building features updated interior and exterior improvements, a purpose-built quick-service restaurant layout, an existing drive-thru configuration, and prominent pylon signage. The property will be delivered vacant and free of existing leases, providing an opportunity for an owner-user or new restaurant operator seeking immediate occupancy with limited additional capital improvements. The property is strategically positioned at the signalized intersection of Dunn Avenue and Bonnelly Drive in North Jacksonville. This highly visible corner location offers convenient ingress and egress, strong street-level exposure, and accessibility to Interstate 95 and Interstate 295. The surrounding Dunn Avenue corridor is an established retail destination featuring numerous national and regional retailers and quick-service restaurant operators. Nearby brands include McDonald's, Burger King, Starbucks, Dunkin', Popeyes, Chick-fil-A competitor alternatives such as Zaxby's, and Sam's Club, contributing to the area's established retail presence. The property benefits from a substantial and growing residential population. Within a five-mile radius, the estimated 2025 population is 114,747, with an average household income of $72,978. The population is projected to increase to 119,485 by 2030, representing growth of approximately 4.1%, while average household income is projected to reach $80,317. The surrounding three-mile trade area contains approximately 46,765 residents, with average household incomes of $76,500, providing an established customer base for restaurant and retail operators. North Jacksonville benefits from a diversified economic base supported by logistics, healthcare, financial services, military operations, and regional distribution activity. The property is positioned within an established infill retail corridor with connectivity to Jacksonville International Airport, JAXPORT marine terminals, and major employment centers. Combining a recently renovated, drive-thru-equipped building with a signalized corner location and immediate availability, 1175 Dunn Avenue presents an opportunity for an owner-user or investor seeking a freestanding restaurant property in the Jacksonville market.