6014 New Kings Rd
Jacksonville, FL 32219
Burger King - Jacksonville, FL · Retail Property For Sale

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net Burger King Restaurant investment opportunity located in Jacksonville, Florida. The property consists of just under an acre improved with an approximately 2,866-square foot building. The newly constructed restaurant has a brand new 15-year lease in place with Southern King Holdings II, LLC, a multi-brand operator of Burger King, Taco Bell, and one of the largest domestic franchisees of Popeyes Louisiana Kitchen restaurants, currently operating more than 120 restaurants in Florida and Georgia, with approximately eight to ten new restaurants being built every year. Annual base rent is set at $151,411* with 10 percent rental increases every five years in the base term, as well as the five five-year renewal options.? The new restaurant sits on the signalized, hard-corner of Edgewood and New Kings Road, within Jacksonville’s I-295 urban core ring. The site is flanked by a combination of dense residential to the east and heavy industrial to west, allowing for both daytime and evening traffic. Combined traffic counts are more than 54,000 cars daily along the intersection and population counts are nearly 150,000 people within a five-mile radius. Nearby retailers include McDonalds, Taco Bell, and Krystal’s, along with Industrial demand drivers such as Sysco Foods, Amtrak, and Norfok Southern.