Listed by CBRE - Atlanta, CBRE Atlanta, CBRE - Midtown Manhattan, CBRE - Orlando
$2,434,800
Fresh Stop: Jacksonville, FL
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 1,806
Pumps 4
Cap Rate 7.25%
NOI $176,520
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Lease Options Four, 5-Year Options
Year Built 1989
Acreage 0.580
Parking Spaces 3 spaces
Parking Per SqFt 1.66
Investment Type Net Lease
Retail | 7.25% CAP | 1,806 SqFt
Marketing description
CBRE is pleased to exclusively offered for sale the 1,806-square-foot Fresh Stop on 0.58 acres in Jacksonville, FL. At closing, Fresh Stop will execute an individual 20-year absolute NNN lease featuring a guaranty from Madison Capital Group LLC and 2.00% annual rent increases through the primary term and in each of the four, 5-year renewal options.
Investment highlights
- Fresh Stop is a fast-growing convenience-store operator offering fresh food, quality fuel, and everyday essentials in modern, customer-focused stores. It operates 33 locations with three more opening after remodels and also manages fuel and facilities for third-party sites. Expansion continues through acquisitions and management agreements, with all sites undergoing rebranding and upgrades to align with the Fresh Stop format, supported by significant investments in interior remodels, exterior updates, and competitive supply contracts.
- At closing, Fresh Stop will execute an individual 20-year absolute NNN lease featuring a guaranty from Madison Capital Group LLC and 2.00% annual rent increases through the primary term and in each of the four, 5-year renewal options.
- The absolute NNN structure shifts all expenses (taxes, insurance, maintenance/repairs, CAM) entirely onto Tenant.
- Investors benefit from fee simple ownership of the building and land, allowing for the potential benefits of bonus depreciation. Please consult your accountant.
Listing Contacts
Listed by CBRE - Atlanta, CBRE Atlanta, CBRE - Midtown Manhattan, CBRE - Orlando
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$176,520.00
$14,710.00/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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