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9271 E Baymeadows Rd
Jacksonville, FL 32256
Retail Property For Sale
Investment Highlights
- Exceptional Location Grade; Located Along the Baymeadows Retail And Business Corridor, 48,896 ADT
- » Limited Competition in Immediate Area, Located in Front of Marriott Suites & Jersey College
- Daytime Population Increases 39% to 111,433 within 3 Miles of Subject
- Multiple Access Points with Left in / Left Out Ability, Immediately Surrounded by Numerous Vertical Office Complexes
- Across From Embassy Suites, Surrounded by Office Complexes, Hotels & Businesses
- Institutional Grade Credit & Proven Concept backed by First Watch Restaurant Group
Executive Summary
CBRE is pleased to present for sale First Watch, a 3,600 SF casual dining, stand-alone restaurant located 8 miles from downtown Jacksonville, Duval County, Florida. First Watch is situated along Baymeadows Road and represents a compelling net-leased investment opportunity supported by strong real estate fundamentals, favorable surrounding demographics, and the financial strength of a nationally recognized and publicly traded restaurant operator. Built in 2021, First Watch is 4.7 years into their original ten (10) year lease, with 10% rent increases every five years and three (3) five-year options remaining. With limited breakfast/brunch competition, First Watch benefits from the daytime population increasing nearly 40% within 3 miles of the property. First Watch is a institutional-grade credit & proven concept backed by First Watch Restaurant Group.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,600 SF
Building Class
B
Year Built
2021
Price
$3,364,051 CAD
Price Per SF
$934.46 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
5.87 AC
Zoning
PUD - Planned Development
Parking
25 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
161’ on Baymeadows Circle East
Property Taxes
| Parcel Number | 148521-0510 | Improvements Assessment | $790,007 CAD |
| Land Assessment | $1,323,073 CAD | Total Assessment | $2,113,079 CAD |
Property Taxes
Parcel Number
148521-0510
Land Assessment
$1,323,073 CAD
Improvements Assessment
$790,007 CAD
Total Assessment
$2,113,079 CAD
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