Sunoco Gas Station 1922 Kings Road, Jacksonville, FL Cap Rate 6.25% Jacksonville ( Florida, US ) Built

$2,111,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 994 sq. ft.
  • Development Level: Built
  • Lot Size: 0.632 acres
  • Year Built: 1984

Description

Sunoco Gas Station 1922 Kings Road, Jacksonville, FL Cap Rate 6.25%

Cap Rate: 6.25%
NOI: $131,915
Building Size: 994 sqft
Lot Area: 0.632 acres
Occupancy: 100%
Lease Type: Triple Net
Year Built: 1984
Zoning: C
Tenancy: Single
Gross Leaseable Area: 994

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.

Dense/Infill Location with Great Drive-By Visibility on Kings Rd where Traffic Counts Exceed 14,100 CPD! Nearby retailers include: Walmart Supercenter, Lowe’s Home Improvement, Home Depot, Publix Super Market, Winn-Dixie, Marshalls, Office Depot, Dollar Tree and Family Dollar; 2 miles from Florida South College at Jacksonville (a public college offering over 150 degree programs & technical certificates, including bachelor’s degrees with total enrollment of 20,171); 2 miles from UF Health Jacksonville (a general medical & surgical hospital with 685 beds); Less than 4 miles from Baptist Medical Center Jacksonville (a general medical & surgical hospital with 489 beds); 12 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 - Slated for Remodeling in the Near Future!
• 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**)
• Dense/Infill Location with Great Drive-By Visibility on Kings Rd where Traffic Counts Exceed 14,100 CPD!
• 2020 DEMOGRAPHICS (5-MI): Total Population: 177,091 | Average Household Income: $56,140

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.

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Information is deemed to be correct but not guaranteed.