Matthews Logo

Navigation Menu

8033 Normandy Boulevard, Jacksonville, FL, 32221

KFC
$2,563,636

Key Information

Cap Rate
5.5%
Tot. SF
2,952
Year Built
2002/R 2005
Term Remaining
±15.9 YRS
Type
Retail

Highlights

  • Long-Term Absolute NNN Lease – Secured by a 20-year absolute triple-net lease, the property has approximately ±15.9 years remaining on the initial term, extending through May
    2041. The lease includes four, 5-year renewal options, ensuring investors stable, predictable, and truly passive income.
  • Strong National Franchise Operator – The lease is guaranteed by Tasty Restaurant Group, a well-capitalized multi-brand operator with approximately 463 restaurants across Taco
    Bell, KFC, Pizza Hut, Dunkin’, and Burger King. Backed by Triton Pacific Capital Partners, the tenant benefits from substantial financial resources and experienced professional management.
  • Established Jacksonville Location – Located along Normandy Boulevard with visibility to ±32,500 vehicles per day, the property offers strong exposure and convenient access. The site serves a dense mix of retail, residential neighborhoods, and commuter traffic, supporting consistent customer demand.
  • Modern Freestanding QSR on Large Parcel – The ±2,952 SF building is situated on ±1.43 acres and features a dedicated drive-thru and 37 parking spaces. Originally built in 2002 and renovated in 2005, the property offers strong real estate fundamentals and an efficient quick-service restaurant layout.
  • Attractive Rent Structure with Sales Upside – The tenant pays annual rent of $141,000 ($47.76/SF) and benefits from a percentage rent clause, providing investors with additional
    income potential tied to sales performance.
  • Strong Jacksonville Market Fundamentals – As one of Florida’s fastest-growing metropolitan areas, Jacksonville is experiencing strong population growth, employment
    expansion, and rising consumer demand. These favorable market dynamics support the continued strength of the QSR sector and long-term tenant performance.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203