2525 Country Club Blvd - The Country Club of Orange Park 18,000 SF Sports & Entertainment Building Offered at $2,692,365 CAD at a 8% Cap Rate in Orange Park, FL 32073

THE OFFERING: THE HUB PICKLEBALL CLUB
Cushman & Wakefield Retail Capital Advisors is pleased to present the opportunity to acquire an absolute net-leased investment in The HUB Pickleball Club, located at 2525 Country Club Boulevard, Orange Park (Jacksonville MSA), Florida. The property is secured by a NNN ground lease guaranteed by HUB JAX, LLC, with an initial 20-year lease term scheduled to expire April 30, 2045. The current annual base rent is $156,000 (NNN) with scheduled rental increases throughout the lease term as outlined below:
Scheduled Rent Increases
• May 1, 2028 — $192,000
• January 1, 2030 — $201,600
• January 1, 2035 — $211,680
• January 1, 2040 — $222,264
The tenant holds one 10-year renewal option, extending the lease through April 30, 2055.
During the renewal period, base rent increases to $233,377 beginning May 1, 2045, with an additional increase to $245,046 on May 1, 2050.
INVESTMENT HIGHLIGHTS
• Absolute NNN Ground Lease Tenant is responsible for all operating expenses including real estate taxes, insurance, utilities, repairs, and maintenance.
• Long Term Lease Security Approximately 19+ years remaining on the initial lease term.
• Strong Rent Growth 23% base rent increase in May 2028, followed by 5% escalations in 2030, 2035, and 2040.
• Extension Option One 10-year renewal option with 5% rental increases every five years during the extension term.
• Attractive Investment Pricing
Purchase Price: $1,950,000
Current Cap Rate: 8.00%
Upon the May 1, 2028 rent increase, annual base rent rises to $192,000 NNN, resulting in an effective cap rate of 9.85% based on the current asking price.