Retail Property For Sale - Foot Locker / 904 Fashions

9268 Lem Turner Road, Jacksonville, FL, 32208

 
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Foot Locker / 904 Fashions

 

9268 Lem Turner Road

Jacksonville, Florida 32208
County: Duval
 
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  For Sale Active  
Property Use Type:Investment
Type:Retail
Free Standing Bldg
Building Size:5,400 SF
Lot Size:0.41 Acres
Occupancy:100.00%
Price:$427,850
Price/SF:$79.23
Cap Rate:8.00%
Net Lease Investment:Yes
Years left on Lease:2
Date Last Verified:1/8/2009
Property ID:15389596
 
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 Additional Information 

Property Description:
This property is located across the street from a Big K-Mart. It is a 2 tenant, 5,400 sf building situated on a .41 acre parcel of which 2,600 sq ft of the building is leased to Foot Locker (which has a remaining term of 2 years on a NN basis) and 2,448 sf is
leased to 904 Fashions, Inc. (which has a remaining term of 3 years on a NNN basis).

Location Description:
There are many automotive uses in the area as well as Henry Kite Elementary School.
Automotive users include All About Auto Repairs, Hill Top Motors, Auto Clinic Motor Repair, Master Mart
Automotive and VW Repair. Jacksonville is the largest city in the contiguous United States in land area, a major
port, the insurance and financial center of the state and site of U.S. Navy bases. The City of Jacksonville ranks as
the 14th largest city in the United States in population with more than 800,000 residents. The Jacksonville
metropolitan area, which includes three beach cities and Clay, Baker, Nassau and St. Johns counties, has a
population of more than 1,000,000 residents. Please see full marketing flyer for more information.

 Highlights 
Located on a hard corner with excellent visability and easy access.Foot Locker has large 10% rent escalations every 5 years.
 
Densely populated area - within 3 miles population is over 60,000; within 5 miles, 128,000Very attractive CAP rate.
 
Located across the street from a Big K-MartPlease see full marketing flyer for more information.
  Financial Summary Actual  
Net Operating Income:$34,709
 
  Major Tenant Information
Tenancy Type: Multiple
 
Foot Locker
SF Occupied: 2,600
Lease Expires: 10/1/2009
 
904 Fashions, Inc.
SF Occupied: 2,448
Lease Expires: 9/1/2010
 
 
  Debt & Equity Information
No Debt & Equity Information Provided
10/16/2007
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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