1360 Airport Rd - Restaurant FOR SALE


Jacksonville, FL 32218- Jacksonville North Estates
$2,624,000 USD
980-498-3293
1360 Airport Rd, Jacksonville, FL for Sale
$2,624,000 USD
Restaurant - FOR SALE
1/5
null | 6.75% Cap Rate

1360 Airport Rd
Jacksonville, FL 32218
Jacksonville North Estates


HIGHLIGHTS

  • IRREPLACEABLE I-95 / AIRPORT NODE
  • RETAINED THROUGH BANKRUPTCY (TOPPERFORMING UNIT)
  • LONG-TERM CORPORATE NNN LEASE WITH BUILT-IN GROWTH

OVERVIEW

LONG-TERM CORPORATE NNN LEASE WITH BUILT-IN GROWTH - 11 years remaining on a 20- year corporate lease with 10% rent increases every 5 years and throughout option periods - Absolute NNN structure with zero landlord responsibilities RETAINED THROUGH BANKRUPTCY (TOP PERFORMING UNIT) - Lease was assumed through Chapter 11 restructuring, with the company eliminating underperforming locations and retaining this site — a direct indicator of relative unit performance STRONG SUNBELT GROWTH MARKET WITH FAVORABLE DEMOGRAPHICS - Jacksonville is one of Florida’s fastest-growing metros, benefiting from sustained in-migration, a diversified employment base, and no state income tax, driving long-term population and economic growth across the region IRREPLACEABLE I-95 / AIRPORT NODE - Direct access to I-95 (82,500 VPD) and Airport Road (16,900 VPD), located approximately 1.5 miles from Jacksonville International Airport (~7 million annual passengers) AIRPORT-DRIVEN DEMAND + HOTEL DENSITY - Surrounded by 10+ flagged hotels (2,000+ rooms) within a half-mile radius, creating consistent, nondiscretionary dining demand from travelers and staff PROXIMITY TO RIVER CITY MARKETPLACE - Located 1.3 miles from a dominant 850,000 SF power center anchored by Walmart, Lowe’s, and Best Buy, with a dense lineup of national retailers and restaurants

FOR SALE DETAILS

PRICE

$2,624,000 USD

PRICE/SF

$489 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ruby Tuesday

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

PUD

APN/PARCEL ID

019379-0200

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.