|
PRICE: |
$5,700,000 |
|
CAP RATE: |
6.57% |
|
PROPERTY TYPE: |
Retail |
|
BUILDING SIZE: |
9,257 SF |
|
ACRES PROPERTY USE: |
1.14 AC |
|
CURRENT NOI: |
$374,577 |
|
LEASE TYPE: |
NNN Leases |
|
REMAINING TERM: |
9 Years |
PROPERTY HIGHLIGHTS
- Easily accessible retail location: The Property is strategically positioned on San Jose Boulevard within a busy retail corridor on the edge of an extensive residential area in southern Jacksonville. The Property is across from Riverplace Shopping Center—anchored by Cost Plus World Market, Michaels, Petco, Sears Outlet, Staples, Stein Mart, and TJ Maxx—and is less than one (1) mile from Mandarin Corners Shopping Center.
- Prime retail location: The Property is located in the southern portion of Jacksonville, strategically positioned along the busy stretch of San Jose Boulevard that offers close proximity to West Beltway 295. The Property is only 18 miles south of Downtown Jacksonville, and sits amongst a dense trade area.
- Close proximity to the cultural and commercial center of North Florida: Due to its convenient location, mild climate, reasonable cost of living, high quality of life, and pro-business environment, Jacksonville is a popular destination for corporate expansion and relocation. Its status an an inter-modal transportation hub is a major incentive, and the city is also a major distribution center.
- Quality long-term lease: Constructed in 2016, the Property is 100 percent leased to Mattress Firm, Pei Wei, and The Vitamin Shoppe, all operating under 10-year leases with minimal landlord responsibilities, all which are subject to reimbursement.
| Price: | $5,700,000 |
| City: | Jacksonville |
| State: | FL |
| Zip Code: | 32223 |
| Year Built: | 2016 |
