ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

7-Eleven Strip – Jacksonville, FL – NN Lease

2203 Dunn Avenue

ASKING PRICE: $1,345,160
CAP RATE: 5.9%

PROPERTY HIGHLIGHTS:

  • ACCESSIBLE SITE — Corner location along Dunn Ave., 1 mile from Jacksonville Regional Shopping Center (anchored by JCPenney & Bealls Outlet). Nearby access from Dunn Ave. to I-295 & major north-south route, I-95. Increased traffic with proximity to University of Florida Health & Baptist Health facilities.
  • EXCELLENT LOCATION — Jacksonville continues to distinguish itself as one of the nation’s most dynamic & progressive cities, with a growing population, a strong economy, diverse cultural & recreational opportunities & abundant natural resources. The city is home to many prominent corporations & organizations, including the HQ’s of 4 Fortune 500 companies. Additionally, Jacksonville is a rail, air & highway focal point & a busy port of entry.
  • SUCCESSFUL TENANT WITH ADDED UPSIDE POTENTIAL — 7-Eleven is the #1 convenience store in the world & was recognized as No. 3 on Entrepreneur magazine’s 2016 Top Global Franchises List. Remaining space available for lease within the center provides investor revenue upside upon stabilization. Buyer can achieve a 7.9% return at 100% occupancy with additional space leased out at 20% below market rent (based on estimated $16.00/sf).
  • QUALITY INVESTMENT — Incremental rent increases & minimal landlord responsibilities. No state income tax in FL provides a low tax burden for the investor.
  • EXPANSIVE TRADE AREA — Over 93,400 people, with an average household income of nearly $51K, within 5 miles. With an estimated 868,031 residents as of 2015, Jacksonville is the most populous city in both FL & the southeastern U.S.
  • There are no features available

$1,345,160

5,000 SF

Price:

$1,345,160

Cap Rate:

5.9%

Building Size:

5,000 SF

SF Land Area:

1.09 acres

Current NOI:

$79,484

Lease Type:

NN

Remaining Term:

5.75 Years

Status:

Under LOI

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Brett Sheldon

(919) 391-9903

Download Offering Memorandum
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