Asking Price S$4,139,000
Sq. Footage 4,453
NOI Net Operating Income S$331,100
Cap Rate 8.00%

Attributes

Year Built 1998
Lease Type NNN
Lease Expiration 2027-07-31
Current / Passing Rent S$331,100
Lease Expiration 2027-07-31
Tenant Applebee's International, Incorporated
Tenant DOHERTY ENTERPRISES, Incorporated
Lot Size 1.31 ACRES

Property Description

Free-standing Applebee’s restaurant for sale along J. Turner Butler Boulevard in Jacksonville. Property is strategically positioned just off of I-95 and in close proximity to Route 1. Surrounded by 17 hotels, Applebee’s serves as one of the few casual sit-down restaurants in the local area. Strong daytime population of 116,000 within a 3-mile radius.

Investment Highlights

  • Fee simple interest
  • Property features an NNN lease with 9.18 years of contractual term remaining
  • Zero landlord responsibilities
  • Annual rent increases
Peter Furest
Peter Furest
SVP, Capital Markets
Licensed in
NY - 10401232530
Brian Shanfeld
Brian Shanfeld
Managing Director, Captl Mkts
Licensed in
IL - 475158824

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.