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.