x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Amazon Parking, Jacksonville, FL

Amazon Parking

Jacksonville, Florida

Price $8,821,000
Cap Rate 4.15%
NOI $366,056
Lease Term 8 Years 8 Months
Lease Type Net, With Tenant Responsible For All Taxes, Insurance, And Maintenance.
Rental Increases 2% Annual Rental Increases
Year Built 2022
Building Size N/A
Lot Size ± 6.89 Acres (300,128 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

BRAND WITH RARE 2% ANNUAL RENTAL INCREASES
» Net Lease to a globally iconic brand (NASDAQ: “AMZN” | S&P: AA-)
» 2% annual rental increases, providing a hedge against inflation
» Amazon earned $21.33 billion in profits on more than $386 billion in annual sales
» Amazon has over 1,335,000 employees and its prime delivery and entertainment subscription service counts more than 200 million global customers
» Amazon is the number 2 ranked company on the Fortune 500 list

LOCATED IN A DENSELY POPULATED AND GROWING FLORIDA CORRIDOR
» High-visibility location on Wesconnett Boulevard
» Convenient access to highly trafficked Jacksonville thoroughfares, including State Route 134/103rd Street (39,000 AADT), U.S. Route 17/Roosevelt Boulevard (34,500 AADT), Interstate 10 (136,500 AADT), and Interstate 295 (145,000 AADT)
» A population of 173,037 within a five-mile radius
» Average annual household income of $67,787 within five miles of the site with a projected increase of 13% by 2026

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Centrally located within a mixed-use development area and immediately surrounded by single and multi-family housing units
» Beneficial proximity to Jacksonville Naval Air Station, the largest employer in Jacksonville and one of the Navy’s fastest-growing installations (10,200 DoD personnel, 34,000 families, 6,000 federal employees, 890 NAF employees, and 2,500 contract employees)
» Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, Winn-Dixie, Dollar Tree, Firestone Complete Auto Care, AutoZone Auto Parts, O’Reilly Auto Parts, CVS, Burger King, and many more
» 4.7 miles from the Webster University-Graduate (9,860 students)
» 12 miles from Jacksonville Port Authority, the largest container port in Florida

JACKSONVILLE MSA LOCATION
» Gateway to Downtown Jacksonville, the most populous city in Florida (903,889 residents)
» Jacksonville serves as a regional healthcare center, with several large hospitals, including the Orange Park Medical Center (365 beds) located near the site
» Florida is the third-largest state in the U.S.
» Florida has no corporate franchise tax, no state personal income tax, no taxes on inventories, and no taxes on foreign income


Property Description

The property is conveniently located on Wesconnett Boulevard (8,973 AADT) and Blanding Boulevard (34,500 AADT), a location that provides access to highly trafficked Jacksonville thoroughfares including State Route 134/103rd Street, U.S. Route 17/Roosevelt Boulevard, Interstate 10, and 295 (355,000 AADT combined). The location is also strategically located with immediate access to Downtown Jacksonville, the most populous city in Florida (903,889 residents). It is centrally located within a mixed-use development area and immediately surrounded by single and multi-family housing units within the Cedar Hills community (8,768 residents). The site is located in a densely populated area, with a population of 173,037 within a five-mile radius. And in a growing area with an average annual household income of $67,787 within five miles of the site (projected to increase 13% by 2026).

The site maintains beneficial proximity to Jacksonville Naval Air Station, the largest employer in Jacksonville and one of the Navy’s finest and fastest-growing installations (10,200 DoD personnel, 34,000 families, 6,000 federal employees, 890 NAF employees, and 2,500 contract employees). The location is surrounded by a strong mix of local and national retailers including Walmart Supercenter, Winn-Dixie, Dollar Tree, Firestone Complete Auto Care, AutoZone Auto Parts, O’Reilly Auto Parts, CVS, Burger King, and many more. The site is ideally located 12 miles from Jacksonville Port Authority, Florida’s largest container port and one of the nation’s largest vehicle-handling ports. Jacksonville serves as a regional healthcare center, with several large hospitals, including the Orange Park Medical Center (365 beds), located near the site. The property also resides 4.7 miles from the Webster University-Graduate, a major North Florida community hub with 9,860 students and 197 employees.

Contact Us About This Property

Vince & Ryan & Mike & Scott Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link