Jacksonville, FL - Valvoline

13357 Beach Blvd, Jacksonville, FL

$2,091,000

Price

5.5%

Cap Rate

$115,000

NOI

Overview
Cap Rate
5.5%
NOI
$115,000
Building Size
3,085 sqft
Occupancy
100%
Year Built
2019
Description

- The lease is franchisee guaranteed by Convenient Car Care, Inc. (16+ Valvoline units)
- Brand new 15-year lease with 2 (5-year) options to extend
- The lease features rare 7.50% rental increases every 5 years throughout the initial term and at the beginning of each option period
- State-of-the-art construction and building - estimated to open in October 2019
- Absolute NNN | Land Ownership | Zero Landlord Responsibilities
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- No landlord responsibilities
- Ideal, management-free investment for an out-of-state, passive investor

- Located at the hard corner of Beach Blvd/US Hwy 90 and Brougham (46,500+ VPD)
- Across from a Walmart Supercenter and Beall’s anchored shopping center and in close proximity to a Target anchored shopping center, further increasing crossover consumer traffic to the site
- Adjacent to a newly constructed Wawa gas station +convenience store as well as the Lennar at Terra Costa, a new single family home development offering 7 different home styles
- More than 180,000 residents and nearly 71,000 employees support the trade area
- $91,000 average household income
- Affluent 1-mile average household income of nearly $108,000


Location
Gallery