Chick-fil-A Single-Tenant Investment | Trophy High-Growth Infill Location | Jacksonville Florida

4461 Southside Boulevard, Jacksonville, FL

$2,523,000

Price

4%

Cap Rate

$100,902

NOI

Overview
Cap Rate
4%
NOI
$100,902
Building Size
4,310 sqft
Lot Area
1.04 sqft
Occupancy
100%
Lease Type
Ground
Tenancy
Single
Description

The offering consists of a freestanding retail building on a long-term lease to Chick-fil-A. The property is located in a phenomenal trade area and is situated less than 3 miles from 34 hotels, 14,900 apartments, and 15 million square feet of office space that includes the corporate campuses of Florida Blue (Blue Cross / Blue Shield) and Johnson & Johnson Vision. This irreplaceable location is anchored by a Cinemark Tinseltown and XD, which features an upgraded cinematic experience with modern technology capable of over 35 trillion colors.

AERIAL FOOTAGE OF THE PROPERTY AND CORRIDOR IS AVAILABLE HERE: https://vimeo.com/267441309

Highlights
  • 57,730 Vehicles per day pass in front of property
  • Below-market rent
  • 3,075 Multifamily units under construction within 3-miles (an increase of 21%)
  • 1.1% Average single-tenant vacancy in submarket
  • 14.3% Projected population growth through 2022
  • 110,000 daytime population within 3-miles
  • Tenant plans to make upgrades to property in near future
  • 1-million square feet of office and medical space and 2 hotels under construction within a 3-mile radius
Documents
Title
Offering Memorandum
Aerial Footage
Corridor Video
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Location
Gallery