3100 Emerson St - Retail FOR SALE


Jacksonville, FL 32207- Southside
$2,990,000 USD
954-302-7365
3100 Emerson St, Jacksonville, FL for Sale
$2,990,000 USD
Retail - FOR SALE
1/10
null | 5.35% Cap Rate

3100 Emerson St
Jacksonville, FL 32207
Southside


HIGHLIGHTS

  • 7+ Years Remaining | Corporate Guaranty | Options To Extend |Scheduled Rental Increases | 2023 Construction
  • Fee Simple Ownership (Land & Building) | No State Income Tax | NN Lease | Limited Landlord Responsibilities
  • Fronting U.S. Highway 1 (22,500 VPD) | Drive-Thru Equipped | Dense Retail Corridor | Surrounding Big Box Retailers
  • 0.5 Miles Off Interstate 95 (173,000 VPD) | Strong Performing Walmart Nearby | $200 Million Development
  • Strong Demographics In The Trade Area

OVERVIEW

• Starbucks Corporation has 7+ years of term remaining on the original 10 year lease, demonstrating their long-term commitment to the site • The lease is guaranteed by Starbucks, and investment grade (S&P: BBB+), nationally recognized, and established firm with over 41,000 stores • The lease features 10% rental increases every 5 years and at the beginning of each option • 2023 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements

FOR SALE DETAILS

PRICE

$2,990,000 USD

PRICE/SF

$1,196 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks - Jacksonville FL

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

CCG-2

APN/PARCEL ID

126066-1100

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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