7752 Lem Turner Rd - Service Station FOR SALE


Jacksonville, FL 32208- 45th & Moncrief
$4,639,616 USD
847-562-8500
7752 Lem Turner Rd, Jacksonville, FL for Sale
$4,639,616 USD
Service Station - FOR SALE
1/3
null | 6.25% Cap Rate

7752 Lem Turner Rd
Jacksonville, FL 32208
45th & Moncrief


HIGHLIGHTS

  • NNN – No landlord responsibilities
  • Guaranties from Pipeline Petroleum Banning LLC & two high net worth individuals
  • Signalized hard corner along Lem Turner Road & Edgewood Avenue (Combined 49,500 VPD)
  • Proximity to Interstate 95 (108,500 VPD)
  • 165,000+ people live within a five-mile radius
  • Neighboring retailers include Save A Lot, Wells Fargo, Fifth Third Bank, Walgreens, Taco Bell, AutoZone, & more

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Sunoco Gas Station & Car Wash property located in Jacksonville, Florida. In 2020, the tenant, Boca Gas, committed to the site by signing a long-term lease extending through November 2040. The lease is absolute triple net with no landlord responsibilities. There are 2% annual rental escalations throughout the primary term and two 10-year renewal options. The lease also features guaranties from Pipeline Petroleum Banning LLC and two high net worth individuals. Gas station properties are eligible for bonus depreciation – Consult with your CPA for speci?cs. The property is strategically positioned at the signalized intersection of Lem Turner Road and Edgewood Avenue, where a combined 49,500 vehicles pass daily. It also bene?ts from close proximity to Interstate 95, which experiences a traffic volume of 108,500 vehicles per day. The surrounding area is home to over 165,000 residents within a ?ve-mile radius. Nearby retailers include Save A Lot, Wells Fargo, Fifth Third Bank, Walgreens, Taco Bell, AutoZone, and more. Jacksonville serves as the economic and cultural hub of Northeast Florida. Boca Gas, a dynamic consortium of companies headquartered in the vibrant city of Boca Raton, Florida, has quickly become a prominent player in the state’s energy landscape. Since its founding in 2018, Boca Gas has grown to operate a diverse portfolio of franchises, including well-known brands such as Shell, Chevron, Mobil, BP, Sunoco, and 76, strategically located across Florida. With a bold vision to expand its footprint, Boca Gas is ambitiously pursuing the acquisition of over 100 gas stations throughout the United States. Backed by a dedicated team of over 200 employees, Boca Gas is committed to delivering quality service and fueling the future of America’s energy needs.

FOR SALE DETAILS

PRICE

$4,639,616 USD

PRICE/SF

$1,637 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunoco

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

CCG-2

APN/PARCEL ID

026907-0000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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