Panda Express | Abs NNN GL | 9370 Atlantic Blvd
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Panda Express | Abs NNN GL 9370 Atlantic Blvd
3,858 SF Retail Building Jacksonville, FL 32246 £2,872,260 (£744/SF) 4.50% Net Initial Yield
Investment Highlights
- Rare 25-Year Lease | 10% Rental Bumps | Options to Extend | Established Brand | 2025 Remodel
- Strong Demographics 5-Mile Trade Area | Downtown Jacksonville
- Jacksonville No. 2 Best Cities to Live in Florida (Forbes) |Jacksonville - Nationally Ranked Population Growth
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities | No State Income Tax
- Off Signalized, Hard Corner Intersection | Off I-295 | Part of Larger Shopping Center | Surrounding Retailers
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
3,858 SF
Building Class
B
Year Built
2015
Price
£2,872,260
Price Per SF
£744
Net Initial Yield
4.50%
NOI
£129,252
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
0.95 AC
Zoning
Commercial
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
226 ft on Florida 10
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 123030-1250 | Improvements Assessment | £982,576 |
| Land Assessment | £500,467 | Total Assessment | £1,483,044 |
PROPERTY TAXES
Parcel Number
123030-1250
Land Assessment
£500,467
Improvements Assessment
£982,576
Total Assessment
£1,483,044
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Panda Express | Abs NNN GL | 9370 Atlantic Blvd
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