INVESTMENT OVERVIEW:
Price: $7,089,120
Cap Rate: 6.25%
NOI: $443,070
Building Size: 59,611 SF
Lot Size: 3.9 AC
Year Built/Renovated: 1992/2007
Market: Jacksonville
INVESTMENT HIGHLIGHTS:
- 100% Fee Simple Interest
- Absolute NNN Lease
- Corporate Guarantee
- Established Tenancy at this Location
- Located on a Major Commercial Thoroughfare
- Strong Store Sales
- Surrounded by Major Retailers
- Zero Landlord Obligations
PROPERTY INFORMATION:
The absolute NNN lease calls for zero landlord obligations. The lease will be guaranteed by a BI-LO. The property is located on a major commercial thoroughfare near major retailers including Dollar General, Tractor Supply Co. and various national fast food chains.
LOCATION INFORMATION:
Macclenny is a city in Baker County, Florida and is one of the principal municipalities comprising Greater Jacksonville. The population was 6,374 at the 2010 census, up from 4,459 in 2000. It is the county seat of Baker County. Macclenny is located in eastern Baker County 28 miles west of downtown Jacksonville. U.S. Route 90 (Macclenny Avenue) runs through the center
of town, and Interstate 10 passes through the southern tip of the town, with access from Exit 335 (State Road 121). Lake City is 32 miles to the west, and the Florida–Georgia border is 6 miles to the north.
