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3494 Western Blvd 8,266 SF 100% Leased Retail Building Jacksonville, NC 28546 $5,665,475 CAD ($685.39 CAD/SF) 6.35% Cap Rate
Investment Highlights
- Tenants include: Jersey Mike's Subs, Massage Envy, Peno Mediterranean Grill and Kwench Juice Cafe.
- Well-established tenants with staggered term expirations.
- Primary retail thoroughfare for submarket.
Executive Summary
Prime multi-tenant NNN investment offering in concentrated retail corridor with VPD of 45,000. Located adjacent to Publix-anchored shopping center, featuring top regional and state-wide sales for national tenants. Site features great visibility, multiple points of ingress/egress, signal access, and updated 2016 build.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,266 SF
Building Class
B
Year Built
2016
Price
$5,665,475 CAD
Price Per SF
$685.39 CAD
Cap Rate
6.35%
NOI
$359,758 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.12 AC
Zoning
CC - Commercial Corridor
Parking
54 Spaces (6.53 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 154195 | Improvements Assessment | $426,807 CAD |
| Land Assessment | $1,067,106 CAD | Total Assessment | $1,493,912 CAD |
Property Taxes
Parcel Number
154195
Land Assessment
$1,067,106 CAD
Improvements Assessment
$426,807 CAD
Total Assessment
$1,493,912 CAD
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3494 Western Blvd
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