Retail Investment Property

8028 Lem Turner Rd, Jacksonville, Florida 32208

  • 1,586 Square Feet
  • Retail
  • For Sale

Summary Description

This property has a 100% leased single tenant. The Tenant has 17 year history as sole occupant. There is a new five (5) year lease, with two (2) - five (5) year extension options. The Tenant's company has over 400 company operated stores across the southeastern part of the United States of America. Rent escalation -- (2%) annual increases during base term and option years. The Landlord is responsible for roof and exterior walls.

Property Status: Existing

Price: $402,000.00

Lot Size: .32 Square Feet

Building Size: 1586 Square Feet

Area Available: 1,586 Square Feet

NOI:

$30,000

Features:

  • Rentable SF: 1,586± SF
  • Rent: $2,500/month
  • Lease Type: NN
  • Lease Expirations: March 2022
  • Options: Two- 5 year options
  • Rent Increases: 2%
  • Offering Type: Leased Fee
  • Guarantee: Corporate guarantee
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