Listed by Sands Investment Group Los Angeles, Sands Investment Group
$1,920,634
Popeyes - Jacksonville FL
Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 1,526
Cap Rate 5.2%
NOI $99,873
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type Absolute NNN
Lease Term 19.8
Lease Expiration 09/30/2039
Remaining Term 13.3
Rent Bumps Yes
Lease Options 4 x 5 Year Options
Year Built 1980
Year Renovated 2006
Buildings 1
Acreage 0.410
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/31/2019
Popeyes - High Performing Store | 1.75% Annual Increases | Tax Free State - Florida
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 1,526 SF Popeyes located at 1902 N Main Street in Jacksonville, FL. The property benefits from 1.75% annual rent escalations, supporting consistent NOI growth and serving as a hedge against inflation. Solid in-place sales contribute to a favorable rent-to-sales ratio, reinforcing the tenant’s long-term stability and positioning the asset as an attractive net-leased investment opportunity.
Investment highlights
- High-Performing Location: Strong in-place sales volumes support a healthy rent-to-sales ratio, providing confidence in long-term tenant viability and rent coverage.
- Annual Rent Growth: 1.75% annual rent increases provide consistent NOI growth and a built-in hedge against inflation.
- No State Income Tax Advantage: Florida’s tax-friendly environment enhances investor returns and increases overall yield compared to higher-tax states.
- Strategic Infill Location: Positioned in a dense Jacksonville corridor with strong traffic counts and proximity to major highways.
- Daily Traffic Drivers: Located near UF Health Jacksonville and Florida State College (20,000+ students), providing a consistent and diverse consumer base.
- Strong Retail Synergy: Surrounded by national retailers including McDonald’s, Walgreens, KFC, and Wells Fargo, reinforcing the corridor as a proven QSR destination.
- Absolute Triple Net (NNN) Lease: Zero landlord responsibilities with tenant responsible for all operating expenses, offering a passive, management-free investment.
Listing Contacts
Listed by Sands Investment Group Los Angeles, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,873.00
$8,322.75/mo
Valuation Metrics
0
DSCR
5.2%
Cap Rate
5.2%
ROI
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