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8136 Atlantic Blvd 5,898 SF Retail Building Jacksonville, FL 32211 $1,700,000 ($288.23/SF) 8.20% Cap Rate
INVESTMENT HIGHLIGHTS
- 4 years 3 months years remaining on lease term.
- Metal roof, new 25 ton HVAC system with warranty, new and fully inspected fire sprinkler system.
- Zoned CCG-2 on heavily trafficked Atlantic Boulevard.
- 3% annual rent increases with two 5-year options.
- 46 parking spaces and a 380 guest capacity restaurant.
EXECUTIVE SUMMARY
5,898 SF stand-alone building. Convenient location situated only minutes from Jacksonville University, San Marco submarket, Downtown Jacksonville, Jaguars stadium, North and South bank, all major corridors, hospitals, and new apartment developments. Zoning for this property is CCG-2.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,898 SF
Year Built
1976
Price
$1,700,000
Price Per SF
$288.23
Cap Rate
8.20%
NOI
$139,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.82 AC
Zoning
CCG-2
Frontage
108’ on Atlantic Blvd
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 145117-0020 | Improvements Assessment | $243,116 |
| Land Assessment | $406,584 | Total Assessment | $649,700 |
PROPERTY TAXES
Parcel Number
145117-0020
Land Assessment
$406,584
Improvements Assessment
$243,116
Total Assessment
$649,700
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8136 Atlantic Blvd
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