9555 Normandy Blvd - Retail FOR SALE


Jacksonville, FL 32221- Normandy Estates
$1,670,000 USD
305-783-8890
9555 Normandy Blvd, Jacksonville, FL for Sale
$1,670,000 USD
Retail - FOR SALE
1/8
null | 5.75% Cap Rate

9555 Normandy Blvd
Jacksonville, FL 32221
Normandy Estates


OVERVIEW

Current Real Estate Advisors is pleased to present the opportunity to acquire this recently constructed (2024) single-tenant Checkers, located in the heart of Jacksonville, FL. This offering includes a high-performing QSR on an ample parcel (1.97 Acres) with a brand-new 10-year absolute NNN lease, presenting investors with a stable, steady and secure income stream. This Sale-Leaseback offering features attractive 2% annual escalations and 2, 5-Year renewal options, reflecting the tenant’s long-term commitment to the site. With a 10-year term and zero landlord responsibilities, this investment provides a stable and passive income stream backed by a resilient and experienced operator. The tenant is a proven Jacksonville-based franchisee with a strong operating history and multiple successful concepts throughout the region. Further, this particular Checkers location is a top-performing unit, underpinned by strong sales metrics and established local brand equity. This offering is an opportunity for an astute investor to obtain a reliable return on their investment, with annual increases to hedge against inflation, and acquire a strategically positioned NNN asset within the Jacksonville MSA. Strong Sales Performance - This location features robust existing and projected sales figures, demonstrating both an established and growing demand within this submarket, as well as a healthy Rent-to-Sales Ratio. Secure + Steady Income Stream - Benefits from a brand-new Absolute NNN 10-year lease that will be signed at Closing, with Zero Landlord responsibilities and 2% annual increases, providing genuinely passive income. Robust RE Fundamentals - This asset sits along Normandy Blvd, with favorable location dynamics – high traffic counts, attractive visibility and exposure, and within a carefully selected submarket that boasts a strong customer base. Strategic Positioning - Prominently positioned at the only entrance to the sold-out Carter Landing Community by KB Homes (150+ homes) and opposite Herlong Airport and other major logistics centers that generate significant consumer activity.

FOR SALE DETAILS

PRICE

$1,670,000 USD

PRICE/SF

$1,657 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Checkers

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,813 SF

ZONING

-

APN/PARCEL ID

009067-0015

ASK ABOUT THIS PROPERTY

Alejandro SnyderCurrent Real Estate AdvisorsMore Info
305-783-8890

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Alejandro SnyderCurrent Real Estate AdvisorsMore Info
305-783-8890

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