LONG-TERM CORPORATE NNN LEASE WITH BUILT-IN GROWTH
- 11 years remaining on a 20- year corporate lease with 10% rent increases every 5 years and throughout option periods
- Absolute NNN structure with zero landlord responsibilities
RETAINED THROUGH BANKRUPTCY (TOP PERFORMING UNIT)
- Lease was assumed through Chapter 11 restructuring, with the company eliminating underperforming locations and retaining this site — a direct indicator of relative unit performance
STRONG SUNBELT GROWTH MARKET WITH FAVORABLE DEMOGRAPHICS
- Jacksonville is one of Florida’s fastest-growing metros, benefiting from sustained in-migration, a diversified employment base, and no state income tax, driving long-term population and economic growth across the region
IRREPLACEABLE I-95 / AIRPORT NODE
- Direct access to I-95 (82,500 VPD) and Airport Road (16,900 VPD), located approximately 1.5 miles from Jacksonville International Airport (~7 million annual passengers)
AIRPORT-DRIVEN DEMAND + HOTEL DENSITY
- Surrounded by 10+ flagged hotels (2,000+ rooms) within a half-mile radius, creating consistent, nondiscretionary dining demand from travelers and staff
PROXIMITY TO RIVER CITY MARKETPLACE
- Located 1.3 miles from a dominant 850,000 SF power center anchored by Walmart, Lowe’s, and Best Buy, with a dense lineup of national retailers and restaurants