408 Western Blvd
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408 Western Blvd
8,155 SF 100% Leased Retail Building Jacksonville, NC 28546 £1,584,461 (£194/SF) 7.75% Net Initial Yield
Executive Summary
Available for Sale ($2,025,000)
Cap Rate 7.75%
Welcome to 408 Western Blvd - a Prime Multi-Tenant Retail Center in the heart of Jacksonville, NC. With a total area of 7,060 SF, this piece of property includes three successful tenants - Popeyes, Five Guys and Kure Vaporium. All tenants' leases are structured on a Triple Net Lease that ensures the Landlord is reimbursed for most expenses associated with the property. Popeyes and Five Guys offers Recession-Proof Brands that ensure a solid foundation to the property`s success. Contact the listing agent for further details.
Scheduled Base Rent - $248,408.40
Net Operating Income - $156,932.40 (inclusive of ground lease rental payments)
Cap Rate 7.75%
Welcome to 408 Western Blvd - a Prime Multi-Tenant Retail Center in the heart of Jacksonville, NC. With a total area of 7,060 SF, this piece of property includes three successful tenants - Popeyes, Five Guys and Kure Vaporium. All tenants' leases are structured on a Triple Net Lease that ensures the Landlord is reimbursed for most expenses associated with the property. Popeyes and Five Guys offers Recession-Proof Brands that ensure a solid foundation to the property`s success. Contact the listing agent for further details.
Scheduled Base Rent - $248,408.40
Net Operating Income - $156,932.40 (inclusive of ground lease rental payments)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,155 SF
Building Class
B
Year Built
1983
Price
£1,584,461
Price Per SF
£194
Net Initial Yield
7.75%
NOI
£122,743
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.15
Land Acres
1.28 AC
Zoning
B-1
Parking
100 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
80 ft on Western Blvd
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 346F-1 | Improvements Assessment | £1,242,687 |
| Land Assessment | £652,563 | Total Assessment | £1,895,250 |
PROPERTY TAXES
Parcel Number
346F-1
Land Assessment
£652,563
Improvements Assessment
£1,242,687
Total Assessment
£1,895,250
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Jackson Williamson -
McCoy Wright, Inc.
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408 Western Blvd
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