Panda Express | Abs NNN GL | 9370 Atlantic Blvd
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Panda Express | Abs NNN GL 9370 Atlantic Blvd
3,858 SF Retail Building Jacksonville, FL 32246 $3,600,000 ($933/SF) 4.50% Cap Rate
Investment Highlights
- Rare 25-Year Lease | 10% Rental Bumps | Options to Extend | Established Brand | 2025 Remodel
- Strong Demographics 5-Mile Trade Area | Downtown Jacksonville
- Jacksonville No. 2 Best Cities to Live in Florida (Forbes) |Jacksonville - Nationally Ranked Population Growth
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities | No State Income Tax
- Off Signalized, Hard Corner Intersection | Off I-295 | Part of Larger Shopping Center | Surrounding Retailers
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
3,858 SF
Building Class
B
Year Built
2015
Price
$3,600,000
Price Per SF
$933
Cap Rate
4.50%
NOI
$162,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.95 AC
Zoning
Commercial
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
226 FT on Florida 10
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 123030-1250 | Improvements Assessment | $1,231,530 |
| Land Assessment | $627,270 | Total Assessment | $1,858,800 |
PROPERTY TAXES
Parcel Number
123030-1250
Land Assessment
$627,270
Improvements Assessment
$1,231,530
Total Assessment
$1,858,800
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Panda Express | Abs NNN GL | 9370 Atlantic Blvd
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