Aspen Dental and Mission BBQ Strip Retail Center For Sale

 

 This Retail Property is Off-Market.

Contact us for other Commercial Properties.

O’Reilly Commercial Realty LLC 

Patrick O’Reilly  

Phone: (352) 237-2222  

Email: OreillyCommercialRE@gmail.com

Commercial Property Listing at 8440 Blanding Blvd., Jacksonville, FL 32244

Jacksonville Florida Retail Property For Sale

Price:

$4,456,000

Gross Leasable Area:

7,800 SF

Price per SF:

$571.28

Property Type:

Retail

Property Sub-type:

Strip Center

Property Use Type:

Net Lease Investment with

10+ years left on lease

Cap Rate:

6.25%

Occupancy:

100%

Tenancy:

Multiple

Year Built:

2015

Lot Size:

1.44 AC

Highlights of Florida Investment Property

• Corporate Guarantee Fully-stabilized investment backed by Aspen Dental and Mission BBQ.
• Long Term Leases Ten (10) year lease terms accompanied by three (3), five (5) year renewal options.
• Desirable Rent Increases Leases feature rental increases every five (5) years in the primary term and option periods.
• Built-In Customer Base Less than 5 miles from Jacksonville Naval Complex, the largest U.S. Navy base in Southeast with 23,000+ military personnel.
• Premier Retail Corridor - positioned at a signalized intersection directly off Interstate 295 in Orange Park's dense retail trade corridor
• Population of 150k+ Over 56,000 households and a population of 150,000 within a five (5) mile radius.

Description of Commercial Real Estate Listing

The Stan Johnson Company is pleased to offer for sale to qualified investors the fee simple interest in a brand new multi-tenant retail property located at 8440 Blanding Boulevard in Jacksonville, FL. The 7,800 square foot freestanding building is 100% leased to national tenants, Mission BBQ and Aspen Dental. Both tenants will operate under corporate ten (10) year NN leases with three (3), five (5) year renewal options and rental increases every five (5) years in the primary term and option periods. Newly constructed in 2015, the property is strategically located less than five (5) miles from Jacksonville Naval Complex, the largest U.S. Navy base in the Southeast and is home to over 23,000 military personnel. The subject property also benefits from a premier retail trade location at a signalized intersection directly off Interstate 295 with exposure to over 92,000 vehicles per day.

Jacksonville is the largest city in the state of Florida by population and the largest city by area in the contiguous United States. It is the county seat of Duval County and the principal city in the Jacksonville metropolitan area, with a population of 1,345,596 as of 2012. Jacksonville is home to many prominent corporations and organizations, including the headquarters of four Fortune 500 companies: CSX Corporation, Fidelity National Financial, Fidelity National Information Services and Southeastern Grocers. Interline Brands is based in Jacksonville and is currently owned by The Home Depot. The Florida East Coast Railway, Swisher International Group and the large short line railroad holding company RailAmerica are also based in Jacksonville  

Financial Summary - Major Tenant Information
Actual

• Net Operating Income
  $278,500

  8440 Blanding Boulevard., Jacksonville, Florida 32244 (Duval County)

 Listing information courtesy of Stan Johnson Company. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.






Bookmark & Share

Wawa Net Lease Properties coming to Fort Lauderdale

Fort Lauderdale will soon have a Wawa Convenience store and gas station. This Wawa chain which is very popular in the Tampa Bay and St. Petersburg areas will see a South Florida expansion plan. The first Wawa net lease property location should be in Broward County more particularly in Fort Lauderdale.

Our city of Fort Lauderdale has the Development Review Committee checking plans to see if they will allow construction to start. This commercial real estate construction would be a Wawa at the location 6001 N. Powerline Road. That location would receive plenty of traffic as it is on the southwest corner of the busy Cypress Creek Road. This portion of Fort Lauderdale has the Executive Airport, numerous office buildings as well as some Florida hotels.

Wawa Triple Net Lease Properties For Sale

These Wawa NNN Lease properties are perceived by many as a tremendous investment opportunity. These Wawa Triple Net Lease Properties For Sale are normally properties which are situated in tactical locations which receive high traffic counts. Many Florida Property Investors prefer the Wawa Convenience store and gas stations sitting on hard signalized corners.

Our Fort Lauderdale Wawa could end up with about 5,161 square feet and then have the fueling positions on the property. The Florida Real Estate developers also have plans for a 4,479 square-foot building for a McDonald’s as well as an approximate 6,328 square-foot Krispy Kreme retail net lease property. There could be other NNN Lease Property tenants if approve by Fort Lauderdale Development Review Committee.

Wawa Net Lease Properties in Florida

Wawa is a Pennsylvania based company with plans to open many more service stations in South Florida. Again as those of us who visited a Wawa in the Tampa Bay area well you will know they have plenty of fresh food including delicious sandwiches made in front you, soft drinks and coffee. While the Wawa in Fort Lauderdale is planned at Cypress Creek Road and Powerline Road, there should be more. Public County documents show that additional Wawa locations are planned in Sunrise, Davie, Parkland, Pompano Beach, Deerfield Beach, West Palm Beach, Riviera Beach, and Palm Springs (Lake Worth).

Net Leased Tenant Description

The majority of the Wawa triple Net Lease investments are Absolute Triple Net with No Landlord management responsibilities. The Company, Wawa is highly sought after by investors as it is a national tenant ranked #40 in Forbes top private companies. The most recent reports showed Wawa Company maintains an investment grade credit rating.

These net lease property investors welcome Wawa to the commercial property market. Wawa convenience stores and gas stations offer a bright future for net lease property investors. The privately owned company, Wawa is believed by many to be one of the most solid convenient store operators in Florida.

If you have the inside track on market conditions and have faith in your proven strategies then it is time to buy Florida Commercial Properties. The right opportunities are coming forward at the right time. The investment management firms, REITs and our private investors can check our website for the latest Florida Commercial Property Listings.

Contact us for Commercial Properties For Sale in Florida.

O’Reilly Commercial Realty LLC
Patrick O’Reilly
Phone: (352) 237-2222
Email: OreillyCommercialRE@gmail.com





Bookmark & Share

Net Lease Properties Commercial Real Estate News

Our NNN Commercial Real Estate website provides an in-depth look at Net Lease Properties, Apartment Buildings and various Commercial Real Estate Investments. We offer breaking news for the majority of Commercial real estate markets across the United States. Feel free to Contact us to sell your Net Lease Properties. We have thousands of NNN Commercial Real Estate Investors on the sidelines with capital to purchase your Triple Net Lease Properties.

News For NNN Properties Investors

McDonalds Triple Net Lease Properties or Wendys

Los Angeles, California - Triple Net Lease Properties are being swallowed up. We see some Wendy's, and McDonald's NNN Commercial Real Estate developments available for purchase. Wendy's, and McDonald's may come with a NNN Lease Property which consists of 1,529 square feet to 3,211 square feet.

These NNN Commercial Real Estate developments normally have the freestanding building with a convenient drive-through. These Triple Net Lease Properties sites could be situated on approximately 29,397 square feet to 1.12 acres. Also many of these Triple Net Lease Properties sites are surrounded by other nearby retailers such as Burger King, Taco Bell, or Arby's.

Triple Net Lease Properties are available with an acquisition price $1,200,000 to $2,000,000. Many of the McDonald's NNN Lease Properties are coming in with a 5.0% to 5.6% Cap Rate. While some Wendy's Triple Net Lease Properties are arriving on the NNN commercial real estate market with a 7% to 7.8% Cap Rate. Some of these Net Lease Investments come with a Corporate Guarantor and Zero Landlord Responsibilities. Triple Net Lease Properties with a signed 12 year to 20-year triple net lease with five-year renewal options and rent bumps are most attractive.

McDonald's Net Lease Properties and Wendy's are often positioned at intersections with traffic Lights or as out-parcels in heavily traveled Retail Shopping Centers. Triple Net Lease Property that is situated in area's main retail hubs, near CVS Pharmacy, Lowes, Home Depot, Walgreen's and Walmart. These Triple Net Lease Properties feature excellent exposure along dominant retail traffic corridors.

This type of location benefits quick service Net Lease Properties (Fast Food) with experiencing high daily traffic count on a daily basis. McDonald's Net Lease Properties and Wendy's sitting in densely populated areas help fuel the NNN Lease Investments.

Contact Net Lease Properties to purchase NNN Property or for 1031 exchange replacement property.

•24 Hour Fitness Net Lease Properties
•7-Eleven Net Lease Properties
•Advance Auto Net Lease Properties
•Ahold Net Lease Properties
•Applebees Net Lease Properties
•Arbys Net Lease Properties
•AutoZone Net Lease Properties
•Burger King Net Lease Properties
•Chick-fil-a Net Lease Properties
•Costco Net Lease Properties
•CVS Net Lease Properties
•Delhaize Net Lease Properties
•Dollar General Net Lease Properties
•Dollar Tree Net Lease Properties
•Dunkin' Donuts Net Lease Properties
•FedEx Net Lease Properties
•Goodyear Net Lease Properties
•Home Depot Net Lease Properties
•KFC Net Lease Properties
•Kohl's Net Lease Properties
•Kroger Net Lease Properties
•Lowe's Net Lease Properties
•McDonald's Net Lease Properties
•O'reillys Net Lease Properties
•Panera Bread Net Lease Properties
•Pep Boys Net Lease Properties
•Publix Net Lease Properties
•Rite Aid Net Lease Properties
•Safeway Net Lease Properties
•Shell Oil Net Lease Properties
•Staples Net Lease Properties
•Steak-n-Shake Net Lease Properties
•Taco Bell Net Lease Properties
•Target Net Lease Properties
•Verizon Net Lease Properties
•Walgreen's Net Lease Properties
•WalMart Net Lease Properties
•Wendy's Net Lease Properties




Bookmark & Share

NNN Commercial Real Estate News

Walgreens Triple Net Lease Properties and CTL Financing

West Palm Beach, Florida - Net Lease Properties information for the day is on two high quality net lease property Tenants. CVS Pharmacy and Walgreen's Pharmacy are excellent choices for a Net Lease Investment Property. We have a large database of NNN Commercial Real Estate Buyers looking to buy quality retail NNN Lease Properties. So the possibility of a Walgreen’s Net Lease Property in South Florida is becoming rare. We were surprised to see a Walgreen's Triple Net Lease Property sold in Loxahatchee, Florida.

Loxahatchee is approximately 23 Miles west of the tony town of Palm Beach. With Palm Beach having very few single-tenant net lease properties (STNL) opportunities, investors have to reach outside of the West Palm beach area. Some NNN Commercial Real Estate analyst referred to Loxahatchee as a former Horse Property area. This vibrant Loxahatchee area has grown tremendously over the past 20 years, with new buildings of excellent retail triple net lease properties.

This Walgreen's Pharmacy Triple Net Lease Investment sold for $7.87 million. The NNN Lease Property Buyer was US Property Management LLC. This Walgreen’s Triple Net Lease Property has the structure with approximately 14,457 square feet which is close to the normal size of Walgreen’s Pharmacy Building. This Walgreen's Pharmacy Triple Net Lease Property is particularly attractive as it has a new 25 year net lease.

Loxahatchee Venture LLC. was the seller of this Walgreen's Pharmacy Triple Net Lease Investment. This dominant triple net lease investment property netted about $540 per square foot. This NNN Lease Property transaction was part of a 1031 Exchange. The 1031 Exchange is one of the few quality opportunities to build wealth with NNN Commercial Real Estate investing.

We found a CVS Triple Net Lease Property sold in Philadelphia. The CVS Triple Net Lease Investment sold for $3,525,000. This Net Lease Investment purchase price equates to roughly $343 per square foot. The CVS Triple Net Lease Property was marketed at a price of $3,709,000. As we keep mentioning, many NNN Lease Properties are selling close or at the asking price.

The CVS Triple Net Lease Property is located at 8545 Frankford Avenue, in Philadelphia. The NNN Property has the Pennsylvania zip code of 19114. The Triple Net Lease Property seller was Brierwood Company. This was a prime opportunity to get into a fee-simple, freestanding building with CVS Pharmacy as the Tenant. The net lease tenant, CVS Pharmacy has close to ten years remaining on an initial 20 year net lease.

This is a rare Triple Net Lease Property as CVS Pharmacy has rental increases every five years of the base net lease term and into their option periods. The CVS Triple Net Lease Investment buyer was Goodman Properties.

Contact Net Lease Properties to purchase or sell NNN Lease Investments. We can direct you to excellent rates on CTL Financing and Commercial Loans.


Bookmark & Share

Triple Net Lease Property with Kiddie Academy Tenant

Philadelphia, Pennsylvania - Our Net Lease Properties information today is on a very unique net lease property Tenant. This unique net leased property Tenant is the Kiddie Academy. This NNN Lease Property Tenant is in the Day Care Facility - Nursery sector of retail NNN Tenants. This triple net lease property is located at 2908 Route 130, in Delran, New Jersey with 08075 as the zip code. Delran, New Jersey is only 14.5 Miles to the Philadelphia, Pennsylvania metropolitan statistical area (MSA). We wonder if the local residents are fans of the Flyers or the New Jersey Devils.

This New Jersey triple net leased property sold for $2,8 Million. The Kiddie Academy NNN Lease Property was being marketed for the price of $2,850,000. So as we noted last week, many retail NNN Lease Properties are being sold for the asking price or very close to it. This NNN property leased to Kiddie Academy Cap was also marketed with a 9% Cap Rate, which is very respectable for triple net lease properties. The Buyer of this New Jersey Triple Net Leased Property is a local private investor. Triple Net lease Investments are suitable for a lone private investor or a joint venture of 2-3 investors. We get requests periodically for a (JV) Joint Venture partner on NNN Properties and 1031 Exchange replacement property.

This triple net lease property is approximately 10,436-square feet for the Kiddie Academy NNN Tenant to use 100% of the structure. This New Jersey NNN Lease Investment was built in 2008. This triple net leased property was a build to suit for the NNN Property Tenant, Kiddie Academy. The criteria for a Kiddie Academy franchise is that they require a minimum personal financial statement of $150 K liquidity and $450 K of net worth. The investment range for a franchisee is approximately $442,000 to $765,000 for a build to suit lease on a triple net leased property. Also the franchisee can go up to $3.7M for a land and building purchase.

This single tenant net lease property (STNL) is a one story building. This triple net lease property is situated on a Lot which is approximately 1.41 acres. New Jersey NNN Commercial Real Estate Investment Specialists helped procure the sale of this property. The NNN Lease Property seller was a Midwest commercial real estate developer. We are not informed if there was any assumable Net Lease Funding on this Property.

While this NNN Lease Property has the intended use to house a state of the art day care facility, this structure was designed architecturally to be extremely versatile. The NNN Lease Property structure is easily adaptable to meet the most stringent of uses for retail use or office building use. Apparently this is the NNN Property tenant's only location, however Kiddie Academy Corporate provides a wealth of support services for all of their franchisees, new and old. The Triple Net Lease Property tenant is encumbered with an original 15 year triple net lease with 3% annual bumps in the rental rate. As of the NNN Lease Investments closing, there were about 14 years left on the triple net lease.

The Tenant at this NNN Lease Property has met all the requirements for Kiddie Academy. Currently, Kiddie Academy has more than 100 franchisee operated stores under their umbrella as well as 4 Company owned businesses. Kiddie Academy has been in the education based child care service industry since 1981. Kiddie Academy is currently a leading family child care provider. Specifically, they focus on educationally focused childcare. Since they started their first academy more than 30 years ago, Kiddie Academy has experienced enormous growth, with academies coast to coast.

This NNN Lease Investment is a prime site for a high-end day care facility. This Triple Net Lease Property is strategically situated on the main retail business thoroughfare within Delran. This NNN Lease Property sits on Route #130, which is also known as Burlington Pike. The New Jersey NNN Property should thrive with a population within a five mile radius that exceeds 250,000. Also another primary point for this retail triple net lease property is that the median household income in the vicinity exceeds $75,543.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 Exchange or a sale-leaseback transaction.

If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for Commercial Loans at one of suggested Brokers.

Arlington • Atlanta • Austin • Baltimore • Birmingham • Boise • Boston • Brooklyn • Buckhead • Central Illinois • Charlotte • Charlotte Uptown • Chicago • Chicago Downtown • Cincinnati • Cleveland • Clinton • Coral Gables • Columbia • Columbus • Dallas • Denver • Des Moines • Detroit • Encino • Ft. Collins • Ft. Lauderdale • Ft. Worth • Grand Rapids • Honolulu • Houston • Indianapolis • Jackson • Jacksonville • Kansas City • Koreatown • Lafayette • Las Vegas • Little Korea • Little Rock • Long Beach • Los Angeles • Louisville • Madison • Manhattan • Memphis • Miami Beach • Milwaukee • Minneapolis • Nashville • New Haven • New Jersey • New Mexico • Newport Beach • North Beach • Oak Brook • Oakland • Oklahoma City • Omaha • Ontario • Orlando • Palm Beach Gardens • Palo Alto • Philadelphia • Phoenix • Pittsburgh • Portland • Providence • Raleigh • Reno • Reston • Sacramento • Salt Lake City • San Antonio • San Diego • San Francisco • Santa Fe • St. Louis • Seattle • St Petersburg • Tampa Bay • Troy • Tucson • Vero Beach • Washington, D.C. • West Los Angeles • West Palm Beach • Williamsburg • Yonkers


Bookmark & Share

Sale of Triple Net Lease Properties in Florida

Miami Beach, Florida - Many of our Net Lease Properties investors are pursuing properties, in sale-leaseback transactions and for 1031 Exchange replacement property. A privately held commercial real estate investment firm helped procure the sale of a retail net lease properties portfolio. This single tenant net lease (STNL) retail portfolio is currently leased to Office Depot. The commercial real estate investment firm represented the net lease properties seller and the buyer.

When it comes to franchisee tenants, investors today are focused on understanding the operators financials. These triple net lease properties have an excellent Tenant, as this Portfolio has Office Depot. This Investment Property portfolio contains 2 net-leased sites, both are located in Florida. The Net Lease Properties portfolio sold for a combined price of $6.6 Million. These two triple net lease properties are leased on an absolute "NNN" triple net basis. The initial net-lease term was 20 years on an absolute "NNN" triple net lease basis with approximately 8 years remaining.

The one net lease investment consists of an approximately 29,957 square-foot, single story retail building. The net lease investment was completed in 1998. The triple net lease property is on the northwest corner of W. Granada Blvd. And Orchard Street, in Ormond Beach. The address of 405 W Granada Street, Ormond Beach, Florida, 32174, is a great location for a NNN Lease Investments. This net lease investment location also is a signalized intersection. This area has a wide variety of net lease Tenants including Arby's, Taco Bell and Wachovia Bank. Other net-lease tenants in the immediate area of Ormond Beach are Winn Dixie Supermarket, Subway, Golds Gym, Ace Hardware, Michelin Tire Store, Domino' s and many other regional and local tenants. Also a nice NNN Lease Investment tenant nearby is Wendy's. This location benefits from approximately 32,000 Cars Per Day (VPD) Traffic Count.

The seller of the triple net lease properties portfolio is a private investor who is based out of California. This triple net leased property portfolio was sold to an investor in a 1031 tax deferred exchange. The 1031 Exchange Investor is also based out of the State of California. The buyer was able to assume existing Investment Property financing at a favorable interest rate. This NNN Commercial Real Estate transaction gave an excellent cash on cash return to the 1031 Exchange Buyer.

We saw the extension of unemployment benefits and the Bush tax cuts have helped somewhat. Although some NNN Commercial Real Estate analysts would like to see the Bush Tax cuts remain past the 2 year extension. This has also helped release capital that was previously sitting on the sidelines, to invest in triple net lease properties.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange or a sale-leaseback transaction.

Contact Us for:
Triple Net Lease Properties
Investment Property For Sale
Net Leased Properties
1031 Exchange Property Solutions
NNN Lease Investments
NNN Commercial Real Estate


Bookmark & Share

Avalon Park Expands its Orlando Commercial Development

Orlando, Florida - The NNN Commercial Real Estate news is from the exciting area near Orlando. There is a Commercial Real estate Development which is approximately 1,860 acres. The fine Commercial Real Estate development is known as Avalon Park and located in east Orlando. This Florida Commercial Real Estate Development consists of a 100 acre Town Center, around 4,023 single family homes and townhomes, five schools and five churches for worshiping.

Orlando NNN Commercial Real Estate Development

The Florida Commercial Real Estate developers were very decisive with their land portions. The NNN Commercial Real Estate team discovered that aside from the commercial real estate space which is being built, Avalon Park has roughly 243 acres of wetlands, 416 acres of upland preserve and 257 acres of man made lakes. This area of Florida has some beautiful lakes however many NNN Commercial Real estate Developers build man made lakes as well.

Avalon Park Net Leased Properties

Recent reports saw the director of leasing and business development for Avalon Park Group, has negotiated three new net leased properties agreements. The excellent Director of business development negotiated a retail net lease agreement with In Style hair salon for about 3,843 square feet of space. In addition three is a new net leased property for the Davis Bakery for about 1,525 square feet.

Orlando Net Leased Properties

These Orlando Net Leased Properties are both situated in the Downtown Avalon Park commercial real estate development. This Florida Commercial Real estate development has the net leased properties sitting on Avalon Lake Drive. This is a fantastic illustration of bringing in some income with NNN Commercial Real Estate in Orlando and Florida overall. The Florida Car Insurance Company is looking at retail space in the area.

Avalon Park History in Orlando

The Commercial Real Estate Development in downtown Avalon Park happened from the ideas of Beat Kahli. The genius is the, President and CEO of Avalon Park Group (APG). The Orlando Commercial Property was developed as a key piece to the 1,840 acre master-planned development which started in 1996.

This Downtown Avalon Park all started with the initial developed construction of Clock Tower at Avalon Park back in the year of 2000. The NNN Commercial Real Estate team saw that two story commercial mixed-use building as the anchor Tenant for the new downtown area. This initial Orlando Net Leased Property functioned like a gathering place for the initial owners of Avalon Park properties.

Avalon Park Commercial Property Growth

The Net Leased Properties of Florida saw an increase at the Downtown I development at Avalon Park. That portion of net leased properties started construction around 2003. That portion of Avalon Park was seen to be the first phase of the community’s town center. This section of the Florida Commercial Real estate Development was comprised of a four story mixed-use net leased retail building coinciding with residential units.

Florida Mixed-Use Developments

These were unique commercial property floor plans which were capable to allow for a wide range of retail businesses, from eclectic shops to various types of restaurants. This Florida Net Leased Property Development offered beautiful architectural styles and a design to promote walking and along with improved forms of socializing with neighbors.