4818 Wesconnett BlvdJacksonville, FL 32210

This exceptional investment opportunity presents a 300,128 square foot parking facility, fully leased to Amazon (NASDAQ: AMZN) under an 8.8-year Net Lease agreement (commencing August 1, 2022, expiring April 30, 2031) with a corporate guarantee. Located in Jacksonville, Florida (Duval County, zip code 32210) at 4818 Wesconnett Blvd, this property boasts a 5.35% cap rate and a strong NOI of $380,845. The 6.89-acre lot features a 100% occupancy rate and benefits from 2% annual rent bumps, providing inflation protection. The property enjoys a prime location with high traffic counts on Wesconnett and Blanding Boulevards, offering easy access to major thoroughfares including I-10 and I-295. Its strategic position within a mixed-use development, surrounded by residential and retail establishments, including a Walmart Supercenter, Winn-Dixie, and numerous other national retailers, ensures consistent demand. The proximity to Jacksonville Naval Air Station, Jacksonville Port Authority, and Webster University further enhances its value. The site is situated in a densely populated area with a high average annual household income, projected to increase significantly by 2026. This property is ideal for a 1031 exchange. Year built: 2022.