8281 Merrill Rd
Jacksonville, FL
Price:
$2157000
Cap Rate:
6.75%
NOI:
$145,581
Building Size:
Approx. 22000 Sq. Ft.
Lot Size:
Approx. 2.39 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Investment Overview
- 22,000+/- SF (combined SF of two buildings) on 2.39+/- Acre Site
- New 15-Year, Corp NNN Lease w/ 10% Rent Bump Every 5-Yrs
- Located along Merrill Rd (35,000 VPD) & W of Beltway 295 ( 68,000 VPD)
- Near Publix, CVS, Lowes, Target, Hardee’s, Jiffy Lube, Starbucks,& McDonald’s
- Area Attractions: Atlantic Beach | Jacksonville Zoo & Gardens | EverBank Field (Jaguars – NFL)
- 4-Miles N of Regency Square Mall (1,390,000 SF) | 4-Miles E of Jacksonville University (3,223 Stud.)
- 2.8 million people visit the Jacksonville area annually creating a $1.5 billion annual economic impact
- 3-Mile Estimated 2015 Population: 153,554 | 1-Mile Average Household Income: $62,894
- Greater Jacksonville (MSA) | 4th largest metropolitan area in the FL | Population: 1,345,596