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Price: $2,889,000

For Sale

Price: $2,889,000

1004 N Edgewood Ave, Jacksonville, FL

Description

Investment Highlights:

New 20yr ABS NNN Grd Lse

1004 N Edgewood Ave

6,119 SF Retail Building

4.50% Cap Rate

Only $2,889,000

Investment Grade Tenant (Fitch: BBB)

Signalized, Hard Corner Intersection, Excellent Visibility & Access

Strong Demographics in 5-mile Trade Area

Absolue NNN, Leased Fee Ownership, Zero Landlord Responsibilities

Winn-Dixie Corporate Headquarters, Downtown Jacksonville, Interstate 10, Nearby National Tenants

The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 900+ locations.

Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site.

The ground lease features 5% rental increases every 5 years starting in lease year 11 and at the beginning of each option period, generating NOI and hedging against inflation.

Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises.

No landlord responsibilities.

Investor benefits from fee-simple ownership of the land.

Ideal management-free investment in a state with no state income tax.

Contact Andrey at 786-942-0502 to learn more about this investment opportunity.

SOLD
For Sell

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