Popeyes Drive-Through Restaurant
New
For Sale
$2,000,000
1324 Dunn Ave, Jacksonville, FL 32218
Three Florida quick-service restaurant assets under long-term absolute NNN leases with annual rent increases and renewal options.
Property Size2,427 SF
Price / SF$824.06
Days on Market1
Property Features for 1324 Dunn Ave
General Information
Standard status
Active
Size
2,427 SF
Property subtype
Restaurant
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5.5%
Amenities
Flexible Acquisition Opportunity – Available individually or as a three-property portfolio spanning Pensacola, Jacksonville and Pinellas Park, Florida.
Brand-New 20-Year Absolute NNN Leases – Recently commenced leases extending into 2046 with zero landlord responsibilities.
2.0% Annual Rent Increases – Contractual annual rental growth throughout the initial lease terms.
Experienced Multi-Unit Guarantor – Leases guaranteed by Pulse Restaurant Group, LLC, a 50-unit Popeyes franchisee
Diversified Florida Markets – Three locations across the Pensacola, Jacksonville and Tampa Bay/Pinellas Park markets, with a combined five-mile population of approximately 467,976 resident
Established Global QSR Brand – Popeyes has approximately 5,000 locations in 51 countries and is owned by Restaurant Brands International, parent company of Burger King and Tim Hortons.
Building Details
Building Size
2,427 SF
Buildings
3
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Alan Lipsky · License #License(s): FL: SL3279054
(954) 245-3595
Source:
Marcusmillichap
Added: Sep 19
Last Checked: Sep 19 at 5:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
This offering comprises three Popeyes drive-through restaurant properties in Pensacola, Jacksonville, and Pinellas Park, Florida. The Jacksonville asset is located at 1324 Dunn Ave and is identified with a property size of 2,427 square feet. Each property operates under a recently commenced 20-year absolute NNN lease extending into 2046, with 2.0% annual rent increases during the initial term. Multiple five-year renewal options are also included, and the leases are guaranteed by Pulse Restaurant Group, LLC, a 50-unit Popeyes franchisee.
The properties occupy established Florida trade areas with access to major transportation routes and surrounding residential and commercial activity. The Pensacola location offers access to Interstate 10 and US-29 along the Nine Mile Road corridor. The Jacksonville property is positioned along Dunn Avenue with access to I-95 and I-295. The Pinellas Park asset sits on a signalized corner along Park Boulevard with access to US Highway 19. The assets may be acquired individually or together as a portfolio.
The properties occupy established Florida trade areas with access to major transportation routes and surrounding residential and commercial activity. The Pensacola location offers access to Interstate 10 and US-29 along the Nine Mile Road corridor. The Jacksonville property is positioned along Dunn Avenue with access to I-95 and I-295. The Pinellas Park asset sits on a signalized corner along Park Boulevard with access to US Highway 19. The assets may be acquired individually or together as a portfolio.
Key Highlights
- Three‑property Popeyes portfolio in Pensacola, Jacksonville, and Pinellas Park, Florida
- Recently commenced 20‑year absolute NNN leases extending into 2046
- 2.0% annual rent increases during the initial lease term
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
264k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 30%
Groceries 23%
Apparel 7%
Publix
Groceries
49,399 visits/mo
0.3 miles
Starbucks
Dining
19,174 visits/mo
0.4 miles
VyStar Credit Union
Shops & Services
14,245 visits/mo
0.5 miles
dd's DISCOUNTS
Shops & Services
13,636 visits/mo
0.5 miles
ABC Fine Wine & Spirits
Groceries
11,453 visits/mo
0.5 miles
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
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Market
Vacancy Rate% for Retail in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Three Florida quick-service restaurant assets under long-term absolute NNN leases with annual rent increases and renewal options.
Where is this drive through restaurant located?
The property is located at 1324 Dunn Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Three‑property Popeyes portfolio in Pensacola, Jacksonville, and Pinellas Park, Florida; Recently commenced 20‑year absolute NNN leases extending into 2046; 2.0% annual rent increases during the initial lease term
