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7507 Atlantic Blvd
Jacksonville, FL 32211
Popeyes | Jacksonville MSA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 20-year absolute NNN lease with 10% rental increases every five (5) years.
- Absolute NNN lease requires no landlord management, including all maintenance responsibilities, ideal for both local and out-of-area investors.
- Popeyes is the world’s second-largest quick-service chicken concept, with 4,700+ units, and 126 new restaurants opened in the U.S. in 2024.
- Four (4) extension periods of five (5) years each, providing a strong long-term investment opportunity.
- Leased to Sailormen, Inc., a strong and expanding operator with 200+ units.
- Florida is an income tax-free state, greatly enhancing the appeal of this location.
EXECUTIVE SUMMARY
This property offers a prime retail location with high visibility and easy access at the signalized intersection of Atlantic Boulevard and Arlington Road, which experiences a combined 62,800 vehicles per day. It is leased to Sailormen, Inc., a strong and expanding operator with over 200 units, providing a reliable and stable tenancy. The surrounding area features a robust demographic base, with a population of 230,352 and an average household income of $82,901 within five miles. The site benefits from its proximity to Atlantic Beach, Neptune Beach, and Jacksonville Beach, capturing significant tourist and recreational traffic. With an absolute NNN lease, the property requires no management responsibilities, as all maintenance and expenses—including roof, structure, and parking lot—are handled by the tenant. Continued population and income growth projected within the 1-, 3-, and 5-mile radii over the next five years positions both this Popeyes and the Jacksonville market for steady, long-term success.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,394 SF
Building Class
C
Year Built/Renovated
1982/2012
Price
$2,364,000
Price Per SF
$1,695.84
Cap Rate
5.50%
NOI
$130,005
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.40 AC
Zoning
CCG-2, County
Parking
24 Spaces (17.22 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 145049-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $894,051 |
PROPERTY TAXES
Parcel Number
145049-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$894,051
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