598 S Jackson St - Restaurant FOR SALE


Jacksonville, TX 75766
$1,853,000 USD
859-907-2006
598 S Jackson St, Jacksonville, TX for Sale
$1,853,000 USD
Restaurant - FOR SALE
1/16
null | 5.75% Cap Rate

598 S Jackson St
Jacksonville, TX 75766


HIGHLIGHTS

  • 2022 DEVELOPMENT
  • UNDER MARKET RENTS
  • HOSPITAL SHADOW ANCHOR
  • 22,000 + VEHICLES PER DAY

OVERVIEW

Colliers is pleased to present to qualified investors the opportunity to acquire the single-tenant net lease Starbucks property located in Jacksonville, Texas. The ±2,000 SF freestanding building was recently constructed in 2022 as a build-to-suit for Starbucks Corporation who signed a 10-year corporately guaranteed lease with four (4) 5-year options to extend. The lease features scheduled rental increases every 5 years, and minimal landlord responsibilities, making this an ideal investment opportunity for a passive investor. The property is located at the hard corner of S Jackson St. and San Antonio St, and is shadow anchored by the UT Health Jacksonville General Hospital. The S Jackson retail corridor averages over 22,000 vehicles per day and features a strong mix of national retailers including McDonalds, Chick-fil-A, KFC, Whataburger, Panda Express, Super 1 Foods, Walmart, and many more. Jacksonville is a fast-growing city in East Texas located 40 minutes south of Tyler. The Tyler-Jacksonville combined statistical area has a population of over 300,000 residents. As the most populous city in Cherokee County, Jacksonville is positioned for success, offering the perfect balance of country lifestyle with urban convenience.

FOR SALE DETAILS

PRICE

$1,853,000 USD

PRICE/SF

$927 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

G-commercial dist

APN/PARCEL ID

000223033000

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

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