1824 W US Hwy 90
Lake City, FL
Price:
$3620000
Cap Rate:
6.15%
NOI:
$222,600
Building Size:
Approx. 15000 Sq. Ft.
Lot Size:
Approx. 3.91 Acres
Type:
Single-Tenant / Retail
Year Built:
2014
Investment Overview
- 15,000+/- SF Building on 3.91+/- Acre Site
- 11-Year Corp Lease w/ 12% Rent Bump Year 7
- Located along U.S-90 (42K VPD), just E of I-75 (40K VPD)
- Across Publix | Near Discount Tire, AutoZone, Home Depot
- 1-Mile E of Lake City Mall (212K S.F) | 5-Miles W of Alligator Park
- Lake City is known as “One of the Gateway Cities to Florida”
- Lake City Florida is located approx 65-Miles W of Jacksonville, FL
- Near well-known beaches: Jacksonville | Atlantic | Ponte Vedra
- 2.8 Million Annual Visitors – $1.5 Billion Annual Economic Impact
- 3-Mile Radius: Est Day Pop: 17,718 l Average HH Income: $62,103
- Jacksonville (MSA) | Largest City in Florida | Population: 1,504,980