This is a great opportunity to purchase an under construction RaceTrac with a new 15 year ground lease in the vibrant Town Center Trade area of Jacksonville, Florida.

The tenant has 10, 5-year renewal options with 10% increases in the year 11 and at each option. This is a great investment opportunity for investors looking for a long-term, stable investment with limited landlord responsibilities in the highly sought after Town Center trade area of Jacksonville. 

PRICE: $5,000,000

CAP RATE: 4.5%

PROPERTY HIGHLIGHTS

• Brand new construction 

• New 15 year ground lease

• Zero landlord responsibilities

• Corporate guaranty

• Rare 10% increases beginning in year 11 and at each 5-year option

• Located in the high barrier to entry Town Center Market

 

OFFERING PACKAGE

For full offering package contact Sean, Joseph, Pete or Grant below.

Location