NNN POPEYES – Jacksonville FL

• Price: US $ 2,645,000
• Property Type: Free standing                    
• Occupancy: 100%
• CAP: 5.75%
• Building Area: approx. 55,215 SF =5130 m²
• Lot:  approx. 2,265 SF = 210m²
• NOI: US $152,093
• Annual Expenses: 0 (Zero) NNN- Tenant responsible for all expenses including property tax, insurance and maintenance
• Contract Terms: 15 years New (Estimated Opening date of 12/18/2018)
• Increases: 10% every 5 year
• Extensions: 5- 5 years’ options
• Guarantor: 94 UNIT Franchise -Seasoned Operator, Largest Popeyes Franchisee in the Southeast
• Location: Located 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.