649 Mcduff Ave S, Jacksonville, FL 32205
- Drive through restaurants
- 1,382 SF
- 0.34 lot acres
Current Use by Public Records
- Popeyes Louisiana Kitchen / Restaurant
Property Details for 649 Mcduff Ave S
- Year built
- 1983
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.34 lot acres
- Zone code
- CCG-2
- Property type
- Drive through restaurants
- APN
- 063380-0000
- APU
- 633800000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 11, 2025 | $1,495,000 | Mrt LLC | Popeyes Jacksonville Sailormen LLC | Special Warranty Deed | — |
| Oct 26, 2021 | — | Popeyes Jacksonville Sailormen LLC | Janice Feldman | Warranty Deed | — |
| Sep 16, 2021 | $1,650,000 | Janice Feldman | Ronald Otto Siewert | Special Warranty Deed | — |
| Dec 12, 2019 | $1,344,533 | Ronald O Siewert | Orionpro Pop LLC | Warranty Deed | — |
| Oct 1, 2019 | $1,176,471 | Orionpro Pop LLC | Sailormen INC | Special Warranty Deed | — |
| May 31, 2017 | — | Sailormen INC | — | Deed · related | $54.8M · Compass Bk |
| Nov 14, 2016 | — | Sailormen INC | — | Deed · related | $43.2M · Compass Bk |
| — | — | Sailormen INC | — | Loan Modification · related | $43.2M · Compass Bk |
| — | — | Sailormen INC | — | Loan Modification · related | $54.8M · Compass Bk |
| — | — | Sailormen INC | — | Deed Of Trust · related | $699k · American Commercial Capital |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.7051
- Latitude
- 30.3201
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
