Rogue Valley Mall - Sale
1600 N Riverside Ave, Medford, OR, 97501-4652, US
59 860 mètres carrés
Description de l'actif
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding single-tenant Advance Auto Parts located at 1008 Edgewood Ave N in Jacksonville, FL (“Property” or “Asset”). The Property is occupied by Discount Auto Parts Inc. (“Tenant”) and guaranteed by Advance Stores Company, Inc. (“Guarantor”) which operates on an NNN lease with ±3.6 years of term remaining, 5.0% rent escalations every 5-years and three, five-year renewal options.
Located in West Jacksonville, the Property is conveniently situated just north of the signalized intersection of Edgewood Ave N and Commonwealth Ave, with direct visibility to nearly 32,000 vehicles per day. The Property is positioned as an outpad to Commonwealth Shopping Center that is anchored by a Rowe’s IGA Supermarket and generates 883K visits annually
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Attributs
Prix demandé
2 079 000 $
Taux de capitalisation
7,25 %
RNI
151 000 $
WAULT
3.6 années
Superficie du bâtiment nette
638 mètres carrés
Superficie du terrain brute
0,59 ha
Année de construction
2007
Média
Points forts de l'investissement
- Operating on a net lease with ±3.6 years of primary lease term and three, five-year renewal options
- Located in West Jacksonville at a signalized intersection with direct visibility to nearly 32,000 vehicles per day.
- Strong sales of $1.87 million, a 5.8% health ratio
- Advance Auto Parts is a Big 3 automotive retailer with 2024 net sales of $9.1 billion
- Positioned as an outpad to Commonwealth Shopping Center that generates 883K visits annually
- Less than 1 mile from the Property is Coca-Cola Florida’s Jacksonville Territory with over 500 employees
- Strong demand characteristics driven by 5-mile population of 168K
Contactez les courtiers
Advance Auto Parts - Jacksonville, FL (0 Propriétés)
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Dernière mise à jour
8 avr. 2025
