Applebee's NNN Property For Sale — Jacksonville, FL
5055 J Turner Butler Boulevard, Jacksonville, FL 32216
This NNN leased Applebee's in Jacksonville, FL, offers an excellent investment opportunity. The property features a freestanding retail building with 9.18 years remaining on a corporate NNN lease with Doherty Florida JTB, LLC. Strategically located just off Interstate 95 (140,000 VPD) and J Turner Butler Boulevard (39,000 VPD), the asset benefits from high visibility and traffic. The surrounding area boasts 17 hotels and a strong daytime population of 116,000 within a 3-mile radius. With no landlord responsibilities and annual rental increases, this property provides a stable income stream from a franchisee operating over 150 restaurants.
- Address: 5055 J Turner Butler Boulevard, Jacksonville, FL 32216
- Asking price $3.53M
- 6.85% cap rate
- NOI $241,661
- 0.9 years remaining
- NNN lease
- Year built: 1998
- Building size: 4,453 SF
- Lot size: 1.31 acres
- Lease expiration: Jul 31, 2027
- Rent increases: 8/1/2020: $283,619; 8/1/2021: $287,874; 8/1/2022: $292,192; 8/1/2023: $296,575; …
- Guarantor: Corporate
Location
This Applebee's property is at 5055 J Turner Butler Boulevard in Jacksonville, Florida.
Asset type: Restaurant