7762 Argyle Forest Blvd
Jacksonville, FL 32244
Popeyes · Retail Property For Sale

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Popeyes Louisiana Kitchen Restaurant investment opportunity located at 7762 Argyle Forest Boulevard, Jacksonville, Florida. The property consists of 1.27-acres improved with an approximately 2,265-square foot building. The newly constructed restaurant has a brand new 15-year lease in place with Sailormen, Inc, one of the largest domestic franchisees of Popeyes Louisiana Kitchen restaurants, currently operating 94 Popeyes in Florida and Georgia, with approximately eight to ten new restaurants being built every year. Annual base rent is set at $152,093, with 10 percent rental increases every five years in the base term, as well as the five five-year renewal options. Located in a dense residential area, the property is breaking ground on an emerging trade area along Argyle Forest Boulevard between the communities of Argyle Forest and Chimney Lakes. The location boasts excellent traffic counts of over 29,000 vehicles per day and over 170,000 people residing within five miles of the restaurant. Approximately 10 minutes away is the Jacksonville Naval Complex and an easy 20-minute drive to downtown Jacksonville, Argyle Forest is projected to continue its rapid pace of growth. This new construction Popeyes has a scheduled Opening Date of December 18, 2018. Nearby retailers include Walmart, Dollar General, Sam’s Club, Publix, Starbucks, Denny’s, Chipotle, Longhorn Steakhouse, Carrabba's Italian Grill, and Olive Garden.