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7952 Normandy Blvd
Jacksonville, FL 32221
Chipotle | New 15-Year Abs NNN Lease · Retail Property For Sale

Investment Highlights

  • New 15-year absolute NNN lease to Chipotle, a globally recognized Mexican restaurant chain with over 3,800 stores worldwide
  • Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors
  • Chipotle experienced strong growth in 2024, including a 14.6% increase in total revenue to $11.3 billion and a 7.4% increase in comparable sales
  • 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
  • Chipotle is ranked on the Fortune 500 and is recognized on the 2024 list for Fortune’s Most Admired Companies
  • The company plans to open 315-345 new restaurants in 2025, with over 80% featuring “Chipotlane” drive-thrus.

Executive Summary

This prime retail location offers high visibility and convenient access near the signalized intersection of Normandy Boulevard and Fouraker Road, where combined traffic counts exceed 47,000 vehicles per day. The site benefits from consistent exposure in a well-traveled corridor, supporting strong consumer traffic and long term retail viability.
The property is leased to Chipotle, a tenant that demonstrated solid performance in 2024 with a 14.6 percent increase in total revenue to 11.3 billion dollars and a 7.4 percent rise in comparable restaurant sales. The surrounding area supports the asset with a population of 162,595 within a five mile radius and an average annual household income of 89,982 dollars within one mile, reflecting a stable and capable consumer base.
Strategically positioned near Atlantic Beach, Neptune Beach, and Jacksonville Beach, the location is well placed to capture both local and tourist driven traffic. The absolute NNN lease structure eliminates landlord management responsibilities, as the tenant is responsible for maintenance and expenses including roof, structure, and parking lot. In addition, projected income growth across the one, three, and five mile radii over the next five years indicates favorable market dynamics, positioning both the tenant and the Jacksonville submarket for continued steady growth.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,500 SF
Building Class
B
Year Built
2026
Price
$6,019,869 CAD
Price Per SF
$2,407.95 CAD
Cap Rate
4.85%
NOI
$291,957 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
3.51 AC
Zoning
CCG-1
Parking
25 Spaces (7.35 Spaces per 1,000 SF Leased)

Property Taxes

Property Taxes

Parcel Number
007621-0000
Land Assessment
$2,597,998 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,597,998 CAD
  • Listing ID: 39403556

  • Date on Market: 2026-02-11

  • Last Updated:

  • Address: 7952 Normandy Blvd, Jacksonville, FL 32221

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