8028 Lem Turner Rd, Jacksonville, FL 32208

Florida > Jacksonville > 32208 > Lake Forest Hills

8028 Lem Turner Rd, Jacksonville, FL 32208

Retail Investment Property: 8028 Lem Turner Rd, Jacksonville, FL 32208

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For Sale

Retail

For Sale

This property is available for sale

0.04

Acres

$402,000

Sale Price

Year Built
1952
Total Building Size
3,172 RSF

Overview
This property has a 100% leased single tenant. The Tenant has 17 year history as sole occupant. There is a new five (5) year lease, with two (2) - five (5) year extension options. The Tenant's company has over 400 company operated stores across the southeastern part of the United States of America. Rent escalation -- (2%) annual increases during base term and option years. The Landlord is responsible for roof and exterior walls.

Rentable SF: 1,586± SF
Rent: $2,500/month
Lease Type: NN
Lease Expirations: March 2022
Options: Two- 5 year options
Rent Increases: 2%
Offering Type: Leased Fee
Guarantee: Corporate guarantee

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Property Details

Retail Investment Property

This property has a 100% leased single tenant. The Tenant has 17 year history as sole occupant. There is a new five (5) year lease, with two (2) - five (5) year extension options. The Tenant's company has over 400 company operated stores across the southeastern part of the United States of America. Rent escalation -- (2%) annual increases during base term and option years. The Landlord is responsible for roof and exterior walls.

Rentable SF: 1,586± SF
Rent: $2,500/month
Lease Type: NN
Lease Expirations: March 2022
Options: Two- 5 year options
Rent Increases: 2%
Offering Type: Leased Fee
Guarantee: Corporate guarantee