Checkers 9555 Normandy Blvd 1,008 SF 4-Star Retail Building Jacksonville, FL 32221 $2,299,406 CAD ($2,281.16 CAD/SF) 5.75% Cap Rate

Current Real Estate Advisors is pleased to present the opportunity to acquire this recently constructed (2024) single-tenant Checkers, located in the heart of Jacksonville, FL. This offering includes a high-performing QSR on an ample parcel (1.97 Acres) with a brand-new 10-year absolute NNN lease, presenting investors with a stable, steady and secure income stream.
This Sale-Leaseback offering features attractive 2% annual escalations and 2, 5-Year renewal options, reflecting the tenant’s long-term commitment to the site. With a 10-year term and zero landlord responsibilities, this investment provides a stable and passive income stream backed by a resilient and experienced operator.
The tenant is a proven Jacksonville-based franchisee with a strong operating history and multiple successful concepts throughout the region. Further, this particular Checkers location is a top-performing unit, underpinned by strong sales metrics and established local brand equity.
This offering is an opportunity for an astute investor to obtain a reliable return on their investment, with annual increases to hedge against inflation, and acquire a strategically positioned NNN asset within the Jacksonville MSA.
Strong Sales Performance - This location features robust existing and projected sales figures, demonstrating both an established and growing demand within this submarket, as well as a healthy Rent-to-Sales Ratio.
Secure + Steady Income Stream - Benefits from a brand-new Absolute NNN 10-year lease that will be signed at Closing, with Zero Landlord responsibilities and 2% annual increases, providing genuinely passive income.
Robust RE Fundamentals - This asset sits along Normandy Blvd, with favorable location dynamics – high traffic counts, attractive visibility and exposure, and within a carefully selected submarket that boasts a strong customer base.
Strategic Positioning - Prominently positioned at the only entrance to the sold-out Carter Landing Community by KB Homes (150+ homes) and opposite Herlong Airport and other major logistics centers that generate significant consumer activity.