Built-In Income Growth The lease includes 2.5% annual rental escalations, providing a growing return and an effective hedge against inflation. Class A Industrial in Desirable Location Located just off of I-295, this Class A industrial property is very well connected to Northeast Florida, and the rest of the Southeastern United States. Built in 2017, this is a premier industrial property in a submarket with significant barriers to entry, making reproducing this asset nearly impossible. Passive, Predictable Income Minimal landlord responsibilities makes this asset desirable to investors looking for a passive and predictable income stream. Favorable Tax Environment Florida is one of only nine states with no state income tax and has recently eliminated sales tax on commercial rental income. This pro-investor tax climate enhances cash flow potential compared to higher-tax states. Excess Land for Development With the ability to build up to 20,000 SF of additional warehouse, this property provides some of the last remaining developable land in this industrial pocket which has seen minimal vacancy over the past several years.