5581 Soutel Dr - Fast Food FOR SALE


Jacksonville, FL 32219- Lincoln Villas
$2,910,000 USD
415-690-5522
5581 Soutel Dr, Jacksonville, FL for Sale
$2,910,000 USD
Fast Food - FOR SALE
1/8
null | 5.5% Cap Rate

5581 Soutel Dr
Jacksonville, FL 32219
Lincoln Villas


HIGHLIGHTS

  • Long-term 20-year absolute NNN lease with 10% rental increases every five (5) years
  • Four (4) extension periods of five (5) years each, providing a strong long-term investment opportunity.
  • Site has successful 40+ year history of operation and sales of $2.3M+, topping Popeyes AUV by a significant margin.
  • 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.
  • Popeyes is targeting the opening of hundreds of new locations, including a flagship store in Times Square and other locations in major cities.

OVERVIEW

This opportunity features a Popeyes restaurant positioned at the signalized intersection of Soutel Drive and U.S. Route 1/U.S. Route 23/New Kings Road, a highly visible location with exposure to approximately 28,800 vehicles per day. The property benefits from strong accessibility and a well-established surrounding consumer base, making it a compelling net-leased investment within the Jacksonville market. The asset is supported by a substantial demographic profile, serving a population of 129,419 residents within a five-mile radius. Average household income reaches $70,934 within three miles, providing a broad customer base drawn from surrounding neighborhoods, schools, and employment centers. Several nearby educational institutions, including Jean Ribault High School, William M. Raines High School, Ribault Middle School, and multiple elementary schools, contribute consistent daily traffic and area activity. The property's location is further enhanced by proximity to major industrial and distribution employers. Southeast Toyota Distributors, with more than 4,300 employees, is located approximately five miles away, alongside significant distribution facilities operated by The Home Depot, Volkswagen, and BJ’s Wholesale Club. These employment drivers support daytime population levels and ongoing demand throughout the trade area. From an investment perspective, the property is leased on an absolute NNN basis, with responsibility for maintenance and operating expenses transferred to the tenant, including the roof, structure, and parking lot. This lease structure minimizes landlord obligations while providing a streamlined ownership profile. Additionally, projected income growth across the one-, three-, and five-mile trade areas reflects favorable market fundamentals and supports the property's long-term investment appeal.

FOR SALE DETAILS

PRICE

$2,910,000 USD

PRICE/SF

$1,576 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

CCG-2, County

APN/PARCEL ID

041737-0000,041741-0000

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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