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Shell 10716 Atlantic Blvd

4,812 SF Retail Building Jacksonville, FL 32225 £3,604,152 (£749/SF) 6.25% Net Initial Yield

Investment Highlights

  • 21-Year Absolute NNN Lease
  • 2.00% Annual Increases
  • Two, 10-Year Options
  • Three Guarantors ($70MM+ Net Worth)
  • 28-Unit Operating LLC
  • 218,000+ Population within 5-Miles

Executive Summary

Embree Capital Markets is pleased to offer for sale to qualified investors a unique freestanding Shell gas stations and convenience stores. This is an opportunity for an investor to acquire well located gas stations in a personal income tax-free state. The subject property received various property renovations in 2020. The absolute NNN leases feature 2.00% annual increases during their 21-year primary term and features two, 10-year extension options.

Attachments

10716 Atlantic Blvd, Jacksonville, FL - Shell V24

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
4,812 SF
Building Class
B
Year Built
1989
Price
£3,604,152
Price Per SF
£749
Net Initial Yield
6.25%
NOI
£225,237
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Land Acres
0.52 AC
Zoning
CCG-2
Parking
15 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
164 ft on Atlantic Blvd

Amenities

  • Pylon Sign
  • Signalised Intersection

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Mining, Quarrying, and Oil and Gas Extraction
  • 4,812 SF
  • £299.60
  • 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

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Mining, Quarrying, and Oil and Gas Extraction 4,812 SF £299.60 Triple Net Nov 2040
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PROPERTY TAXES

Parcel Number 162394-0000 Improvements Assessment £132,718
Land Assessment £212,288 Total Assessment £345,006

PROPERTY TAXES

Parcel Number
162394-0000
Land Assessment
£212,288
Improvements Assessment
£132,718
Total Assessment
£345,006
(512) 819-4729

  • Listing ID: 31845800

  • Date on Market: 17/05/2024

  • Last Updated:

  • Address: 10716 Atlantic Blvd, Jacksonville, FL 32225

The Retail Property at 10716 Atlantic Blvd, Jacksonville, FL 32225 is currently available For Sale. Contact Embree Capital Markets Group for more information.

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© 2024 CoStar Group

Shell | 10716 Atlantic Blvd
(512) 819-4729 x

Shell | 10716 Atlantic Blvd

Klinton Lewis

(512) 819-4729

(512) 819-4729

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