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934 Blanding Blvd
Orange Park, FL 32065
Checkers · Retail Property For Sale


Executive Summary
Current Real Estate Advisors is pleased to present the opportunity to acquire this Checkers restaurant (the "Property"), a freestanding, single-tenant ±2,600 SF building located on a 0.62 acre lot in Orange Park (Jacksonville MSA), FL. The Property benefits from an Absolute NNN lease, imposing zero landlord responsibilities and delivering a fully passive income stream. This asset is part of a Portfolio (see Page 3 for details) and may be acquired separately or together.
This offering is structured as a Sale-Leaseback transaction, with a brand-new 10-year lease to be executed at closing, featuring 2% annual rent escalations and 2, 5-year renewal options—reflecting the operator's long-term commitment to and confidence in this location.
The Tenant is a proven, Jacksonville-based multi-concept operator with an established track record across multiple brands and franchise systems throughout the market. This Checkers location is a strong performer, evidenced by healthy unit-level sales and a favorable Rent-to-Sales ratio — underscoring the durability and resilience of the underlying cash flow.
This offering represents a compelling opportunity to acquire a well-positioned, income-producing quick-service restaurant asset within one of Florida's most dynamic and fastest-growing MSAs, backed by a committed local operator and underpinned by a stable, long-term passive income stream.
This offering is structured as a Sale-Leaseback transaction, with a brand-new 10-year lease to be executed at closing, featuring 2% annual rent escalations and 2, 5-year renewal options—reflecting the operator's long-term commitment to and confidence in this location.
The Tenant is a proven, Jacksonville-based multi-concept operator with an established track record across multiple brands and franchise systems throughout the market. This Checkers location is a strong performer, evidenced by healthy unit-level sales and a favorable Rent-to-Sales ratio — underscoring the durability and resilience of the underlying cash flow.
This offering represents a compelling opportunity to acquire a well-positioned, income-producing quick-service restaurant asset within one of Florida's most dynamic and fastest-growing MSAs, backed by a committed local operator and underpinned by a stable, long-term passive income stream.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,600 SF
Building Class
B
Year Built/Renovated
1982/2023
Price
$1,522,000
Price Per SF
$585.38
Cap Rate
5.75%
NOI
$87,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.62 AC
Zoning
BB
Property Taxes
| Parcel Number | 23-04-25-020393-002-00 | Improvements Assessment | $421,680 |
| Land Assessment | $365,972 | Total Assessment | $787,652 |
Property Taxes
Parcel Number
23-04-25-020393-002-00
Land Assessment
$365,972
Improvements Assessment
$421,680
Total Assessment
$787,652
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