649 Mcduff AveJacksonville, FL 32205

This fee-simple Jacksonville, FL Popeyes offers a compelling investment opportunity. The 1,382 square foot building, renovated in 2010 and equipped with a drive-thru, sits on a 0.34-acre lot at a high-traffic intersection just off I-10, experiencing over 160,000 vehicles per day. The property benefits from its location on the commuter side of I-10, three miles from downtown Jacksonville, a major employment center with 56,000 employees and three college campuses. Surrounding retailers include Lowe's, Winn-Dixie, Walgreens, and numerous fast-food chains. The absolute NNN lease with Sailormen, Inc., a 130+ unit operator, provides zero landlord responsibilities and features a remaining term of approximately 14.9 years, expiring September 30, 2039. The lease commenced September 20, 2019, and includes 1.75% annual rent increases and four 5-year renewal options. The asking price is $1,621,878, representing a 4.75% cap rate and a price per square foot of $1,173.57. The property's strong tenant, prime location, and favorable lease terms make it an attractive investment in a growing market with an estimated $2 billion in consumer spending within a 3-mile radius. The building was constructed in 1983. This is a depreciable asset.