2525 Country Club Blvd - Sports and Entertainment FOR SALE


Orange Park, FL 32073
$1,950,000 USD
813-223-6300
2525 Country Club Blvd, Orange Park, FL for Sale
$1,950,000 USD
Sports and Entertainment - FOR SALE
1/4
null | 8% Cap Rate

2525 Country Club Blvd
Orange Park, FL 32073


HIGHLIGHTS

  • NNN Ground Lease. Initial Term Expires on April 30, 2045
  • NNN Base Rent increases to $192,000 on May 1, 2028. 9.85% Cap Rate
  • The HUB at OPCC is the largest Pickleball facility in the Jacksonville MSA. The HUB operates 4 locations.

OVERVIEW

THE OFFERING: THE HUB PICKLEBALL CLUB Cushman & Wakefield Retail Capital Advisors is pleased to present the opportunity to acquire an absolute net-leased investment in The HUB Pickleball Club, located at 2525 Country Club Boulevard, Orange Park (Jacksonville MSA), Florida. The property is secured by a NNN ground lease guaranteed by HUB JAX, LLC, with an initial 20-year lease term scheduled to expire April 30, 2045. The current annual base rent is $156,000 (NNN) with scheduled rental increases throughout the lease term as outlined below: Scheduled Rent Increases • May 1, 2028 — $192,000 • January 1, 2030 — $201,600 • January 1, 2035 — $211,680 • January 1, 2040 — $222,264 The tenant holds one 10-year renewal option, extending the lease through April 30, 2055. During the renewal period, base rent increases to $233,377 beginning May 1, 2045, with an additional increase to $245,046 on May 1, 2050. INVESTMENT HIGHLIGHTS • Absolute NNN Ground Lease Tenant is responsible for all operating expenses including real estate taxes, insurance, utilities, repairs, and maintenance. • Long Term Lease Security Approximately 19+ years remaining on the initial lease term. • Strong Rent Growth 23% base rent increase in May 2028, followed by 5% escalations in 2030, 2035, and 2040. • Extension Option One 10-year renewal option with 5% rental increases every five years during the extension term. • Attractive Investment Pricing Purchase Price: $1,950,000 Current Cap Rate: 8.00% Upon the May 1, 2028 rent increase, annual base rent rises to $192,000 NNN, resulting in an effective cap rate of 9.85% based on the current asking price.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Country Club of Orange Park

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

83,200 SF

ZONING

AC

APN/PARCEL ID

42-04-25-008813-001-00

ASK ABOUT THIS PROPERTY

Patrick BermanCushman & WakefieldMore Info
813-223-6300

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Patrick BermanCushman & WakefieldMore Info
813-223-6300

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