880 Lane Ave S - Freestanding FOR SALE


Jacksonville, FL 32205- Normandy Village
$2,476,864 USD
973-294-8249
880 Lane Ave S, Jacksonville, FL for Sale
$2,476,864 USD
Freestanding - FOR SALE
1/3
null | 7.25% Cap Rate

880 Lane Ave S
Jacksonville, FL 32205
Normandy Village


HIGHLIGHTS

  • New Renovation - Long Term Lease
  • Attractive Rent Increases
  • Dynamic Corporate Tenant
  • Minimal Landlord Responsibilities
  • Largest Medical-Only Market
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a new corporate leased Ayr Wellness investment property located at 880 Lane Avenue S in Jacksonville, Florida (the “Property”). Ayr Wellness has 13+ years remaining on their NNN Lease with two (2), 5-year renewal options. The lease features attractive 3% annual rent increases throughout the primary lease term and each of the renewal options. Ayr Wellness is situated along Lane Avenue S and is 0.3-miles from Normandy Boulevard (SR 228), one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding visibility and frontage and is across the street from Home Depot. Ayr Wellness is surrounded by national retailers and restaurants that drive traffic to the area and is encircled by densely populated residential neighborhoods that provide a built-in customer base. The Property enjoys convenient access to the area’s state roads and interstates and is approximately 5-miles from Jacksonville’s Central Business District.

FOR SALE DETAILS

PRICE

$2,476,864 USD

PRICE/SF

$1,211 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AYR

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

CCG-2

APN/PARCEL ID

007546-0100

ASK ABOUT THIS PROPERTY

Michael TalbertHorvath & TremblayMore Info
973-294-8249

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Michael TalbertHorvath & TremblayMore Info
973-294-8249

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.