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33522515
33522511

15022 MAX LEGGETT PKWY, JACKSONVILLE, FL 32218

PD
CA CA 01797033
Deltondo Advisory Group Irvine
RN
BK3154667
Marcus & Millichap - Fort Lauderdale
Listed by Deltondo Advisory Group Irvine, Marcus & Millichap - Fort Lauderdale
$2,628,866
1 day on market
Updated 1 day ago

New Construction Corporate Habit Burger

Details
APN 106255-0350
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 32,670
Net Rentable (SqFt) 4,200
Cap Rate 4.85%
NOI $127,500
Occupancy 100%
Tenancy Single
Brand/Tenant Habit Burger Grill
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 11/30/2045
Remaining Term 19.5
Rent Bumps Yes
Lease Options Four, Five Year
Class A
Year Built 2026
Stories 1
Acreage 0.750
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/04/2025
Occupancy Date 11/04/2025
Ground Lease Yes
Ownership Ground Lease

Corporate Habit Burger (Yum! Brands) | 20-Year Absolute NNN Ground Lease | No State Income Tax

Investment highlights

20-YEAR ABSOLUTE NET GROUND LEASE

New 20-Year Ground Lease Commencing November 2025 With Absolute-Net Structure And No Landlord Responsibilities

RIVER CITY MARKETPLACE CORRIDOR JACKSONVILLE MSA

The Property Sits In The River City Marketplace Trade Area, The Largest Shopping Complex In North Jacksonville, Home To 80+ Retailers And Shadow- Anchored By Walmart, Lowe’s And BJ’s Wholesale

ADJACENT TO REGIONAL HEALTHCARE AIRPORT DEMAND DRIVERS 10% RENT INCREASES EVERY 5 YEARS

Scheduled 10% Rental Increases Every Five Years Drive Built-In Income Growth Throughout The Primary Term And Four 5-Year Option Periods

NEW 2026 CONSTRUCTION | DRIVE-THRU

New 4,200-SF Drive-Thru Prototype Scheduled For 2026 Delivery On A 32,670-SF Parcel In A High-Visibility Retail Corridor The Site Is Along Max Leggett Parkway Near UF Health North And Minutes From Jacksonville International Airport, Which Recorded More Than 7.6 Million Passengers In 2024

CORPORATE OWNED | YUM! BRANDS

Habit Burger & Grill Is Owned By Yum! Brands (NYSE: YUM), Which Carries A BB+ Issuer Credit Rating From S&P

Listing Contacts

PD
CA CA 01797033
Deltondo Advisory Group Irvine
RN
BK3154667
Marcus & Millichap - Fort Lauderdale
Listed by Deltondo Advisory Group Irvine, Marcus & Millichap - Fort Lauderdale

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$127,500.00
$10,625.00/mo

Valuation Metrics

0
DSCR
4.85%
Cap Rate
4.85%
ROI

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Additional Information

Name
Ryan Nee
License
BK3154667
Brokerage
Marcus & Millichap
Brokerage Phone
(954) 245-3400
Title
Broker of Record
Brokerage Address
5900 N Andrews Ave., Ste. 100 Fort Lauderdale, FL 33309
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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