This property has sold.

Details: Retail

Asking Price: $3,000,000

Square Feet: 510 SF

Asking Cap Rate: 5.5%

Year Built: 2023

NOI: $165,000

Lease Structure: Absolute NNN

SOLD – 7 Brew – Jacksonville, FL

3265 Gerona Drive East, Jacksonville, Florida

  • Absolute triple net lease (Zero Landlord Responsibilities)
  • Brand New, 15-Year, Lease (2023 construction) with 5 (5-year) options to extend
  • Annual rent escalations, providing Inflation Protection
  • Lease guaranteed by 7Ventures, Inc. which is a subsidiary of KMAC (one of the Largest Restaurant Operators in the country with over 320+ units). There are more than 40 KMAC Seven Brew locations under development or open throughout the county, with an expectation to Grow To 200+ Locations.
  • Excellent Trade Area adjacent to Walmart, Target, Publix, Big Lots and more
  • Centrally Located to several neighborhoods and multifamily developments
  • 2022 Population
  • 1 Mile – 12,018
  • 3 Mile – 72,781
  • Located across the street from a Target anchored shopping center
  • Strong traffic on Beach Blvd of over 42,000 VPD
  • Location is less than 3 miles from Jax Beach with over 22,000,000 annual visitors

This property has sold.