Listed by Petra, PETRA MANAGEMENT INC.
$3,165,000
1022 Hospitality Lane
Details
APN 1612930400
Property Type Retail
Sub Type Storefront
Square Footage 5,495
Cap Rate 6.6%
NOI $208,980
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 12/01/2026
Class A
Year Built 2002
Year Renovated 2016
Stories 1
Acreage 1.210
Zoning PUD
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 5,650 SqFt
Marketing description
An incredible opportunity to acquire a turn-key restaurant in trophy condition in Jacksonville, FL. This restaurant's lease expires December 2026. The property is positioned along Monument Road (27,000 VPD) with excellent visibility and access, and sits just off Interstate 295 (79,500 VPD) with direct on/off-ramp access. The site is surrounded by a strong lineup of national credit retailers including Walmart, Target, Regions Bank, Courtyard Marriott, The Home Depot, and Ross Dress for Less, driving consistent daily traffic to the immediate trade area. This property sits at the epicenter of one of Jacksonville's most compelling growth stories. The property is centrally located with easy access to downtown Jacksonville and positioned within the densely
populated Greater Arlington submarket. This restaurant property zoned PUD offers the flexibility of capturing a new NNN leased tenant or a redevelopment on a 1.21 acre parcel.
Investment highlights
- LAND AREA: 1.21 AC
- SQUARE FEET: 5,650
- APN: 161293-0400
- ZONING: PUD
- YEAR BUILT: 2002 / 2016 RENOVATION
- CORPORATE ABSOLUTE NNN LEASE
- LEASE EXPIRES DECEMBER 2026
- $208,980 ANNUAL RENT
- TWO ACCESS POINTS
- NEIGHBORING TENANTS INCLUDE WALMART, CANTINA LOUIE, GATE GAS STATION, HAMPTON INN
- CONVENIENTLY POSITIONED IMMEDIATELY AT THE MONUMENT RD EXIT ON I-295
- NEARBY NATIONAL RETAILERS INCLUDE WALMART, TARGET, LOWE'S, HOME DEPOT, ROSS, PLANET FITNESS, REGION'S BANK, MICHAEL'S AND MORE
Listing Contacts
Listed by Petra, PETRA MANAGEMENT INC.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$208,980.00
$17,415.00/mo
Valuation Metrics
0
DSCR
6.6%
Cap Rate
6.6%
ROI
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