649 McDuff Ave S - Fast Food FOR SALE


Jacksonville, FL 32205
$1,539,680 USD
818-907-4696
649 McDuff Ave S, Jacksonville, FL for Sale
$1,539,680 USD
Fast Food - FOR SALE
1/7
null | 5% Cap Rate

649 McDuff Ave S
Jacksonville, FL 32205


HIGHLIGHTS

  • Strong Guarantee from Sailormen, Inc. | Over 130 Locations in Six Sates
  • Absolute NNN Lease | Zero Landlord Responsibilities whatsoever
  • A+ Location | Located on S McDuff Ave on a Hard Corner Just Off I-10, which sees over 160,000+ VPD
  • Fee Simple Ownership (Land and Building) | Depreciable Asset
  • Located on the Commuter Side of I-10, Three Miles from Downtown Jacksonville, which is home to 56,000 employees and 3 College Campuses
  • Florida is an Income-Tax Free State

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,539,680 USD

PRICE/SF

$965 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

CCG-2

APN/PARCEL ID

063380-0000

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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