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Popeyes - Jacksonville FL 1902 N Main St 1,526 SF Retail Building Jacksonville, FL 32206 $2,622,933 CAD ($1,718.83 CAD/SF) 5.20% Cap Rate
Investment Highlights
- Strong in-place sales volumes support a healthy rent-to-sales ratio, providing confidence in long-term tenant viability and rent coverage.
- Florida’s tax-friendly environment enhances investor returns and increases overall yield compared to higher-tax states.
- Located near UF Health Jacksonville and Florida State College (20,000+ students), providing a consistent and diverse consumer base.
- 1.75% annual rent increases provide consistent NOI growth and a built-in hedge against inflation.
- Positioned in a dense Jacksonville corridor with strong traffic counts and proximity to major highways.
- Surrounded by national retailers including McDonald’s, Walgreens, KFC, and Wells Fargo, reinforcing the corridor as a proven QSR destination.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 1,526 SF Popeyes located at 1902 N Main Street in Jacksonville, FL. The property benefits from 1.75% annual rent escalations, supporting consistent NOI growth and serving as a hedge against inflation. Solid in-place sales contribute to a favorable rent-to-sales ratio, reinforcing the tenant’s long-term stability and positioning the asset as an attractive net-leased investment opportunity.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,526 SF
Building Class
B
Year Built/Renovated
1980/2006
Price
$2,622,933 CAD
Price Per SF
$1,718.83 CAD
Cap Rate
5.20%
NOI
$136,393 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.41 AC
Zoning
CCG-S
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 1,526 SF
- $89.38 CAD
- Triple Net
- Sep 2039
Popeyes Louisiana Kitchen began in 1972 when Al Copeland opened the first location in Arabi, Louisiana. The company grew from a single restaurant into an international franchise with thousands of locations worldwide. The menu features spicy fried chicken, biscuits, seafood, and signature Cajun sides. Popeyes became part of Restaurant Brands International in 2017 while maintaining its distinct brand identity. The chain continues expanding globally through franchising agreements.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 1,526 SF | $89.38 CAD | Triple Net | Sep 2039 |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 071981-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,788,280 CAD |
Property Taxes
Parcel Number
071981-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,788,280 CAD
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Popeyes - Jacksonville FL | 1902 N Main St
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