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7071 Davis Creek RdJacksonville, FL 32256

High-yield flex space, strong tenant, 5-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 21,420-square-foot Class B flex warehouse located at 7071 Davis Creek Rd, Jacksonville, FL 32256, in Duval County. The property boasts a desirable 6.00% cap rate and is currently under a Net Net Net (NNN) lease with a prominent tenant, Thermaserve Mechanical Inc., a leading provider of commercial HVAC, plumbing, and building automation services. The lease commenced September 1st, 2024, and extends through August 31st, 2029, offering a secure, long-term investment horizon. The building, constructed in 1994 and renovated in 2023, features two stories and is zoned IL. The lease includes a 4% annual rent escalation, ensuring consistent income growth. The property includes two loading docks and two dock-high doors, facilitating efficient operations. Currently, 18,000 square feet are leased to the tenant, with 3,420 square feet owner-occupied. This stabilized investment offers a compelling opportunity for long-term growth and passive income generation in a thriving Jacksonville market. The property's strategic location and strong tenant covenant provide a high degree of security and stability for investors seeking a reliable and profitable addition to their portfolio.

Highlights

  • Strong tenant in place with 5-year lease.
  • 18,000 SF leased space.
  • 3,420 SF owner-occupied space.

Property Details for 7071 Davis Creek Rd

Property type
Industrial properties, Flex space
Square Feet
21,420 SF
Class
B
Year Built/Renovated
94/2023
Stories
2

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.1604564
Longitude
-81.5240817
7071 Davis Creek Rd, Jacksonville, Florida

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7071 Davis Creek Rd
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