551 Cassat Avenue - 551 Cassat Avenue, Jacksonville, FL 32254

• FEE SIMPLE NNN LEASE, BONUS DEPRECIATION ELIGIBLE – SQRL operates on a corporately guaranteed triple-net (NNN) lease, allowing for a hands-off passive form of ownership. The fee simple form of ownership allows for the property to be depreciated; an incentive not offered in a ground lease.. • INCOME TAX-FREE STATE – The SQRL gas station & convenience store is located within Florida, an income tax-free state. Florida was ranked by the Census Bureau as the fastest growing state within the United States in 2022.. • NEARBY INTERSTATE HIGHWAY ACCESS – The property is seconds from Exit 358 off Interstate 10, a major interstate highway boasting more than 128,500 VPD.. • LONG TERM LEASE WITH RENTAL INCREASES – SQRL began a twenty (20) year lease term in June of 2023. The lease features annual rental increases of two percent (2%) including their four (4), five (5) year option periods.. • HIGH GROWTH AREA – The population and number of households in the 5-mile area surrounding the Jacksonville location have also seen an average growth of 9% since 2010 with the population currently at over 176,000 people.. • METRO AREA LOCATION – SQRL sits along Cassat Road (23,500 VPD) in Jacksonville and is part of the Jacksonville MSA that is home to over 1.67 million residents.. • BUSTLING RETAIL CORRIDOR – In addition to nearby interstate highway access, SQRL is also surrounded by a host of nearby, national retailers such as: Lowe’s, Winn-Dixie, Wells Fargo, Marshalls, AutoZone, O’Reilly Auto Parts, Take 5 Oil Change, Tires Plus, Dollar Tree, Wawa, McDonald’s, Dunkin’, Wendy’s, Taco Bell, and Krispy Kreme demonstrating the strength of the retail corridor.