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Bldg 2 8209 W Beaver St

3,951 SF 100% Leased Retail Building Jacksonville, FL 32220 £1,578,000 (£399/SF) 5.44% Net Initial Yield

Executive Summary

Located at 8209 W Beaver Street, this multi-tenant investment property presents a compelling opportunity in the retail and medical real estate market. Anchored by Sage Dental, a multi-billion-dollar brand, the property benefits from the stability and prestige associated with such a well-established tenant. Both tenants have secured long-term NNN leases, offering investors the assurance of predictable income with minimal landlord responsibilities.
Additionally, these leases include multiple options to renew, further enhancing the investment's longevity and appeal. The property boasts a current Net Operating Income (NOI) of $108,840.96, with built-in annual increases ensuring consistent growth. This blend of secure tenancy, robust income, and potential for future appreciation makes this property an attractive addition to any investment portfolio.

Attachments

8209_W_Beaver_St

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,951 SF
Building Class
B
Year Built
2009
Price
£1,578,000
Price Per SF
£399
Net Initial Yield
5.44%
NOI
£85,876
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.21
Land Acres
0.43 AC
Zoning
PUD
Parking
10 Spaces (2.53 Spaces per 1,000 SF Leased)
Frontage
160 ft on Beaver St W

Amenities

  • Pylon Sign
  • Listing ID: 32316343

  • Date on Market: 02/07/2024

  • Last Updated:

  • Address: 8209 W Beaver St, Jacksonville, FL 32220

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