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First Watch Stand-Alone Restaurant
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9271 Baymeadows Rd, Jacksonville, FL 32256

Recently built casual-dining property with a net-lease structure and established restaurant operations.

Property Size3,600 SF
Price / SF$673.33
Days on Market154

Property Features for 9271 Baymeadows Rd

General Information

Standard status Active
Size 3,600 SF
Class A
Property subtype Retail
Occupancy 100%
Lease Type NN
Investment Type Core

Building Details

Year Built 2021
Buildings 1
Units 1
Tenancy Single
Listing Agency: CBRE - Tampa
Listed By: Jennifer O'Cuinneagain · License #FL3299082
Source: Crexi
Added: Mar 30 Changed: Aug 30 Last Checked: Aug 30 at 11:29AM

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 CBRE - Tampa

Investment Insights

Based on property information with market context.

This stand-alone casual-dining restaurant contains 3,600 SF and was completed in 2021. The property operates under a net lease to First Watch, a publicly traded restaurant operator, and is positioned along Baymeadows Road in Jacksonville’s Duval County. The building serves as a dedicated restaurant facility rather than a multi-tenant commercial structure.

The original lease has 4.7 years remaining in its initial 10-year term. Contractual rent increases occur at 10% every five years, and the agreement includes three additional five-year renewal options. The property is located 8 miles from downtown Jacksonville at 9271 Baymeadows Rd, Jacksonville, FL 32256.

Key Highlights

  • 3,600 SF stand‑alone casual dining restaurant
  • Built in 2021
  • First Watch lease with 4.7 years remaining in the original 10‑year term

Property Analytics

Current Use

First Watch Restaurant

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,267
Businesses Nearby
221k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 39% Shops & Services 24% Groceries 20% Hotels & Casinos 17%
Walmart Neighborhood Market Groceries
34,452 visits/mo 0.4 miles
Starbucks Dining
18,079 visits/mo 0.1 miles
Chili's Grill & Bar Dining
16,976 visits/mo 0.3 miles
Shell Shops & Services
16,429 visits/mo 0.2 miles
Embassy Suites By Hilton Jacksonville Baymeadows Hotels & Casinos
16,366 visits/mo 0.1 miles

Demographics for 32256, FL

53,611
Population
27,735
Households
1.9
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
61.4 sq mi
ZIP Area
873
Density / Sq Mi
$73,203
Median Household Income
$47,360
Median Earnings
$1,586
Median Rent
$360,200
Median Home Value

Market

Vacancy Rate% for Retail in Jacksonville, FL

6.3% 2019
7.5% 2020
5.6% 2021
5.5% 2022
5.8% 2023
5.8% 2024
6.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Recently built casual-dining property with a net-lease structure and established restaurant operations.
Where is this conventional restaurant located?
The property is located at 9271 Baymeadows Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,424,000.
What are key features of this property?
This property features: 3,600 SF stand‑alone casual dining restaurant; Built in 2021; First Watch lease with 4.7 years remaining in the original 10‑year term
More about this property
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