670 Edgewood Ave n - Freestanding FOR SALE


Jacksonville, FL 32254- Paxon
$825,000 USD
904-501-6264
670 Edgewood Ave n, Jacksonville, FL for Sale
$825,000 USD
Freestanding - FOR SALE
1/2
null | 6.23% Cap Rate

670 Edgewood Ave n
Jacksonville, FL 32254
Paxon


HIGHLIGHTS

  • PeopleReady Recently Exercised a 5-Year Lease Renewal, Demonstrating a Long-Term Commitment to This Location.
  • National Tenant in a High-Visibility Location Along Edgewood Avenue With Strong Traffic Counts and Convenient Access to Major Highways.
  • Modified NNN Lease Featuring Scheduled 3% Annual Rent Increases, Providing Predictable Income Growth.
  • Established Retail Corridor Serving a Dense Residential and Industrial Workforce, Supporting Long-Term Tenant Demand.

OVERVIEW

Marcus & Millichap is pleased to present 670 Edgewood Avenue N in Jacksonville, Florida, this single-tenant retail property is occupied by PeopleReady, a nationally recognized workforce solutions provider and subsidiary of TrueBlue, Inc. The tenant has demonstrated a long-term commitment to the location, having recently exercised a five-year lease renewal with scheduled annual rent increases. The property offers investors stable cash flow through a modified NNN lease, with the tenant responsible for routine interior maintenance and landscaping while the landlord maintains responsibility for major structural components. Positioned along heavily traveled Edgewood Avenue with excellent visibility and convenient access to major Jacksonville thoroughfares, the asset benefits from a well-established commercial corridor serving the surrounding residential and industrial employment base.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

6.23%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PeopleReady

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,390 SF

ZONING

CCG-2

APN/PARCEL ID

059141-0060

ASK ABOUT THIS PROPERTY

Chad AtwoodMarcus & MillichapMore Info
904-501-6264

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Chad AtwoodMarcus & MillichapMore Info
904-501-6264

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