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Popeyes - Jacksonville, FL 1902 N Main St 1,526 SF Retail Building Jacksonville, FL 32206 $2,456,355 CAD ($1,609.67 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
$2,456,355 CAD
Price Per SF
$1,609.67 CAD
Cap Rate
5.20%
NOI
$127,730 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
- $83.71 CAD
- Triple Net
- Sep 2039
Founded in New Orleans in 1972 by Al Copeland, the company began as a small fried chicken restaurant and later became known for a Louisiana-inspired approach to quick-service dining. The business serves fried chicken, chicken sandwiches, tenders, seafood, biscuits, desserts, and regional sides, with franchising forming a major part of the operating model. A broad restaurant network now supports service across the United States and international markets, and digital ordering, delivery, and franchise development remain part of the company's business mix.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 1,526 SF | $83.71 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 | $1,808,197 CAD |
Property Taxes
Parcel Number
071981-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,808,197 CAD
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Popeyes - Jacksonville, FL | 1902 N Main St
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