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8007 Normandy Blvd 1,565 SF Retail Building Jacksonville, FL 32221 $4,387,170 CAD ($2,803.30 CAD/SF) 5.50% Cap Rate

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Investment Highlights

New 20-year absolute NNN lease with 10% rental increases every five (5) years.
Site has successful 40+ year history of operation and sales of $2.2M+, topping Popeyes AUV by a significant margin.
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.

Four (4) extension periods of five (5) years each, providing a strong long-term investment opportunity
Absolute NNN lease requires no landlord management, including all maintenance responsibilities, ideal for both local and out-of-area investors.
Florida is an income tax-free state, greatly enhancing the appeal of this location.

Executive Summary

Strategically positioned at the signalized intersection of Normandy Boulevard and Fouraker Road, this Popeyes benefits from exceptional visibility and accessibility, with more than 47,000 vehicles passing the site daily. The property is located within a densely populated trade area of 168,457 residents and an average household income of $95,128 within a five-mile radius, providing a strong and stable customer base. Surrounded by major retailers including Winn-Dixie and Publix Super Market at Normandy Crossing, the location enjoys consistent consumer traffic and strong retail synergy. Additional demand is generated by several nearby schools, including Edward H. White High School, Joseph Stilwell Military Academy of Leadership, and Trinity Christian Academy. Investors will benefit from a truly passive ownership structure through an absolute NNN lease, with the tenant responsible for all maintenance and operating expenses, including the roof, structure, and parking lot. Further enhancing the investment's appeal, projected household income growth across the surrounding trade area is expected to support continued tenant performance and long-term value appreciation in the growing Jacksonville market.