Popeyes | 649 McDuff Ave S
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Popeyes 649 McDuff Ave S
1,382 SF Retail Building Jacksonville, FL 32205 $1,621,878 ($1,174/SF) 4.75% Cap Rate
Investment Highlights
- Strong Guarantee from Sailormen, Inc. | Over 130 Locations in Six Sates
- A+ Location | Located on S McDuff Ave on a Hard Corner Just Off I-10, which sees over 160,000+ VPD
- Located on the Commuter Side of I-10, Three Miles from Downtown Jacksonville, which is home to 56,000 employees and 3 College Campuses
- Absolute NNN Lease | Zero Landlord Responsibilities whatsoever
- Fee Simple Ownership (Land and Building) | Depreciable Asset
- Florida is an Income-Tax Free State
Executive Summary
CBRE is pleased to present a Popeyes for sale located at 649 S McDuff Ave in Jacksonville, FL. The property includes a 1,382 SF building on a 0.34-acre parcel. This site benefits from being located on S McDuff Ave and just off the I-10 Freeway, which sees 160,000+ vehicles per day. The property is conveniently located off the commuter side of I-10, three miles from downtown Jacksonville, which is home to 56,000 employees and 3 college campuses. The property is adjacent to a Sunoco Gas Station and surrounded by notable retailers such as Lowe’s, Winn Dixie, Walgreens, Family Dollar, McDonald’s, Burger King, Wendy’s, Taco Bell, Dunkin’ Donuts, Pizza Hut, Domino’s, Krispy Kreme, AutoZone, and O’Reilly Auto Parts.
The Lease is backed by Sailormen, Inc., a 130+ unit operator, and operates under an Absolute NNN Lease with zero landlord responsibilities. The lease has 15 years remaining with 1.75% annual rent increases and four 5-year renewal options. This area is experiencing tremendous growth with a 1-mile population growth rate of over 5%. Total consumer spending in a 3-mile radius is estimated at $2 Billion. The building was renovated in 2010, ensuring modern facilities and infrastructure, and is equipped with a drive-thru.
The Lease is backed by Sailormen, Inc., a 130+ unit operator, and operates under an Absolute NNN Lease with zero landlord responsibilities. The lease has 15 years remaining with 1.75% annual rent increases and four 5-year renewal options. This area is experiencing tremendous growth with a 1-mile population growth rate of over 5%. Total consumer spending in a 3-mile radius is estimated at $2 Billion. The building was renovated in 2010, ensuring modern facilities and infrastructure, and is equipped with a drive-thru.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,382 SF
Building Class
C
Year Built/Renovated
1983/2010
Price
$1,621,878
Price Per SF
$1,174
Cap Rate
4.75%
NOI
$76,984
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.34 AC
Zoning
CCG-2
Parking
12 Spaces (8.68 Spaces per 1,000 SF Leased)
Frontage
122 FT on Mcduff
Amenities
- Freeway Visibility
- Pylon Sign
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 063380-0000 | Improvements Assessment | $841,367 |
| Land Assessment | $103,733 | Total Assessment | $945,100 |
PROPERTY TAXES
Parcel Number
063380-0000
Land Assessment
$103,733
Improvements Assessment
$841,367
Total Assessment
$945,100
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CBRE
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Popeyes | 649 McDuff Ave S
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