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9271 E Baymeadows Rd 3,600 SF Retail Building Jacksonville, FL 32256 $3,335,618 CAD ($926.56 CAD/SF)

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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

Year Built

2021

Price

$3,335,618 CAD

Price Per SF

$926.56 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

Accommodation and Food Services
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First Watch began in 1983 in Pacific Grove, California, and later established its headquarters in Florida as the concept grew into a full-service daytime dining brand. The company serves made-to-order breakfast, brunch, and lunch with a menu built around fresh ingredients, seasonal specialties, and house-made preparations. First Watch maintains a significant presence across the United States and continues to operate as a restaurant business centered on morning and midday dining.