Franklin Street Real Estate Services has arranged the $2.85 million sale of a 4,876-square-foot Chick-fil-A ground lease, located in Jacksonville, Florida. Mac McCall of Franklin Street’s Atlanta office represented the Florida-based seller in the transaction. A South Carolina-based LLC acquired the property.
“This sale is indicative of the strength of the retail market in northern Florida,” McCall said. “We were able to secure an all-cash buyer who closed within a day of signing the contract. Franklin Street’s national database of investors and brokers allows us to secure buyers quickly, especially for premium assets.”
The newly-constructed Chick-fil-A is located at 3280 Oak Bluff Lane, just off Interstate 295 on San Jose Blvd. An estimated 120,407 people live within a five-mile radius of the site and the average household income in the radius is just under $105,000.
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