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.