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Shell 11330 Beach Blvd

1,086 SF Retail Building Jacksonville, FL 32246 $3,219,000 ($2,964/SF) 6.25% Cap Rate

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Investment Highlights

Attractive Rent Increases
Strategic Retail Location
High Traffic Counts

Zero Landlord Responsibilites
Higher Education Presence
Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase an Absolute NNN Shell Gas Station and Convenience Store located at 11330 Beach Boulevard in Jacksonville, Florida (“the Property”). The Property consists of a 1,086 square foot freestanding building with 10 fueling stations on a 0.70-acre corner lot. Shell has 16 years remaining on their Absolute NNN Lease with two (2), 10-year renewal options. The lease calls for attractive 2% annual increases in rent throughout the primary lease term and renewal options. Shell Gas Station & Convenience Store is positioned at the signalized intersection of St Johns Bluff Road S and Beach Boulevard (US Route 90), the area’s primary commercial and commuter corridor, and is just 1,000 feet from Interstate 295. The Property is shadow anchored by St. John’s Square, a Winn-Dixie, CVS, and Starbucks anchored shopping center, and is surrounded by national retailers and restaurants that drive traffic to the area. Shell is also encircled by densely populated residential neighborhoods and several area schools that provide a built-in customer base.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Service Station

Building Size

1,086 SF

Building Class

Year Built

1986

Price

$3,219,000

Price Per SF

$2,964

Cap Rate

6.25%

NOI

$201,208

Tenancy

Single

Building Height

1 Story

Building FAR

0.04

Lot Size

0.70 AC

Zoning

CCG-2

MAJOR TENANTS

Mining, Quarrying, and Oil and Gas Extraction
1,086 SF
-
Triple Net
Nov 2040

Shell is an international energy company with expertise in the exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. They use advanced technologies and take an innovative approach to help build a sustainable energy future. They invest in power, including from renewable sources such as wind and solar. They also invest in electric vehicle charging and low-carbon fuels for transport, such as advanced biofuels and hydrogen