76 Gas Station Car Wash 364 Blanding Blvd 364 Blanding Boulevard, Orange Park, FL Cap Rate 5.85% Orange Park (Jacksonville, Florida, US ) Built

$2,255,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 1,507 sq. ft.
  • Development Level: Built
  • Lot Size: 0.678 acres
  • Year Built: 1987

Description

76 Gas Station Car Wash 364 Blanding Blvd 364 Blanding Boulevard, Orange Park, FL Cap Rate 5.85%

Cap Rate: 5.85%
NOI: $131,915
Building Size: 1,507 sqft
Lot Area: 0.678 acres
Occupancy: 100%
Lease Type: Triple Net
Year Built: 1987
Zoning: C
Tenancy: Single
Gross Leaseable Area: 1507
Lease Expire Year: 11/5/2040

Price: $2,255,000 USD

DESCRIPTION
76 Gas Station + Car Wash has a Brand New 20-Year Absolute NNN Lease with 7.50% Rental Escalations every 5 Years. It is Slated for Remodeling in the Near Future! The tenant, Jacksonville 76 Petroleum, LLC Owns & Operates Fifty (50) 76 Gas Stations. Hani Baskaron | Daybreak Market & Fuel, LLC and Daybreak C-Store Holdings, LLC Recently Sold 200 Units within the ARCO System in 6 States - Current Net Worth in Excess of $66,000,000! The property Currently Qualifies for Bonus Depreciation, Allowing Landlord to Accelerate 100% of All Non-Land Basis in the First Year Due to 50% of the Revenue Being Derived from Fuel Sales.

This asset is Well Positioned in an Infill Location with High Barriers to Entry! This asset is Across the Street from a Lowe’s Home Improvement Anchored Shopping Center with Great Drive-By Visibility & Access on Blanding Blvd (aka FL-21), where Traffic Counts Exceed 71,600 CPD! Nearby retailers include: Publix Super Market, Home Depot, Lowe’s Home Improvement, Floor & Decor, Ashley HomeStore, At Home, Havertys Furniture, Old Time Pottery, Best Buy, Dick’s Sporting Goods, Bed Bath & Beyond, Burlington, Old Navy, T.J. Maxx, Books-A-Million, Five Below, Michaels, Joann Fabrics, Party City and Dollar General; Less than 5 miles from St Johns River State College (a public college offering various degrees & programs with 1,706 students); 1 mile from Orange Park Medical Center (a full service, acute-care hospital with 317 inpatient beds); 7 miles from Naval Air Station Jacksonville is home to Patrol Squadron THIRTY, the Navy’s largest aviation squadron and the only P-3 Orion & P-8 Poseidon Fleet Replacement Squadron that prepares and trains U.S. & NATO/Allied pilots, air crew and maintenance personnel with over 50,000 civilian employees, contractors & active-duty personnel employed.

HIGHLIGHTS
• Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years
• Jacksonville 76 Petroleum, LLC Owns & Operates Fifty (50) 76 Gas Stations
• Hani Baskaron | Daybreak Market & Fuel, LLC and Daybreak C-Store Holdings, LLC Recently Sold 200 Units within the ARCO System in 6 States - Current Net Worth in Excess of
$66,000,000
• Currently Qualifies for Bonus Depreciation Allowing Landlord to Accelerate 100% of All Non-Land Basis in the First Year Due to 50% of the Revenue Being Derived from Fuel Sales
(**Purchaser to Confirm with CPA**)
• Well Positioned in an Infill Location with High Barriers to Entry! Slated for Remodeling in the Near Future!
• Across the Street from a Lowe’s Home Improvement Anchored Shopping Center with Great Drive-By Visibility & Access on Blanding Blvd (aka FL-21) where Traffic Counts Exceed
71,600 CPD!
• 2020 DEMOGRAPHICS (5-MI): Total Population: 141,779 | Average Household Income: $85,358

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.