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.
CAP RATE: 4.5%
• 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
For full offering package contact Sean, Joseph, Pete or Grant below.