10132 San Jose Blvd Jacksonville, FL 32257-5838

This exceptional investment opportunity presents a freestanding Popeyes restaurant located at 10132 San Jose Blvd, Jacksonville, FL 32257. The property boasts a brand new 20-year absolute NNN lease, commencing May 31, 2024, and expiring May 30, 2044, with a remaining term of 19.5 years. The lease includes four 5-year renewal options, each with a 10% rent increase. The tenant, a franchisee guaranteed by Sailormen Inc., a highly experienced and large Popeyes franchisee with 150+ units, ensures consistent income. The 2,376 square foot building, situated on a 0.76-acre lot, underwent renovations in 2014 and enjoys 100% occupancy. The property's strong financial performance is reflected in its 5.00% cap rate and a Net Operating Income (NOI) of $147,547. The asking price is $2,950,940, translating to $1,241.98 per square foot. Built in 1986, this Popeyes benefits from its location on San Jose Blvd, a high-traffic area with over 46,000 vehicles per day, and proximity to major retailers like Target, Whole Foods, and Publix. The densely populated 5-mile radius boasts over 138,000 residents. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential.