Popeyes Absolute NNN
For Sale
Contact for pricing
5581 Soutel Dr, Jacksonville, FL 32219
Operating quick-service restaurant with a long-term absolute NNN lease at a signalized Jacksonville intersection.
Property Size1,846 SF
Price / SF$1,576
Days on Market12
Property Features for 5581 Soutel Dr
General Information
Standard status
Active
Size
1,846 SF
Class
B
Total Parking Spaces
15
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$160,047
Site & Location
Traffic Count
28,800 vehicles/day
Highway Access
Yes
Building Details
Year Built
1981
Buildings
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Sacramento, California
Listed By:
Vincent Aicale · License #CA 01728696
Source:
Crexi
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 29 at 11:53AM
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 Cushman & Wakefield - Sacramento, California
Investment Insights
Based on property information with market context.
The property is an operating Popeyes restaurant at 5581 Soutel Dr in Jacksonville, Florida. Built in 1981, the 1,846-square-foot restaurant is subject to a 20-year absolute NNN lease with Pulse Restaurant Group Inc. The lease includes 10% rental increases every five years and four additional five-year extension periods, with maintenance responsibilities assigned to the tenant.
The site occupies a signalized corner at Soutel Dr and the U.S. Route 1, U.S. Route 23, and New Kings Rd intersection. Combined traffic at the intersection is reported at 28,800 vehicles per day, and U.S. Route 23 provides a direct route toward Downtown Jacksonville. The property is surrounded by multiple schools and lies approximately 5 miles from Southeast Toyota Distributors and distribution centers for The Home Depot, Volkswagen, and BJ’s Wholesale Club.
The surrounding trade area includes 129,419 residents within five miles and an average annual household income of $70,934 within a three-mile radius.
The site occupies a signalized corner at Soutel Dr and the U.S. Route 1, U.S. Route 23, and New Kings Rd intersection. Combined traffic at the intersection is reported at 28,800 vehicles per day, and U.S. Route 23 provides a direct route toward Downtown Jacksonville. The property is surrounded by multiple schools and lies approximately 5 miles from Southeast Toyota Distributors and distribution centers for The Home Depot, Volkswagen, and BJ’s Wholesale Club.
The surrounding trade area includes 129,419 residents within five miles and an average annual household income of $70,934 within a three-mile radius.
Key Highlights
- 20‑year absolute NNN lease with four additional five‑year extension periods
- 10% rental increases scheduled every five years
- 1,846‑square‑foot Popeyes restaurant built in 1981
Property Analytics
Property Profile
Current Use
Lease Details
28,800 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Shops & Services 42%
Dining 16%
Harveys Supermarket
Groceries
22,710 visits/mo
0.3 miles
Dollar Tree
Shops & Services
11,633 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
8,747 visits/mo
0.1 miles
BP
Shops & Services
5,582 visits/mo
0.4 miles
Dollar General
Shops & Services
5,194 visits/mo
0.2 miles
Demographics for 32219, FL
14,474
Population
5,780
Households
2.5
Avg Household Size
39
Median Age
22%
College-Educated
86%
High-School Grad
71.5 sq mi
ZIP Area
202
Density / Sq Mi
$65,104
Median Household Income
$37,410
Median Earnings
$1,348
Median Rent
$205,100
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Operating quick-service restaurant with a long-term absolute NNN lease at a signalized Jacksonville intersection.
Where is this nnn property located?
The property is located at 5581 Soutel Dr Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,910,000.
What are key features of this property?
This property features: 20‑year absolute NNN lease with four additional five‑year extension periods; 10% rental increases scheduled every five years; 1,846‑square‑foot Popeyes restaurant built in 1981
