For Sale
$3,035,400

5225 Edgewood CtJacksonville, FL 32254

28,165 SF, 6% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, 28,165-square-foot industrial property in Jacksonville, Florida. The property, situated on a generous 1.86-acre lot, features three buildings totaling 28,165 square feet of net rentable area. The main building, constructed in 1960 and renovated in 2019, boasts 22,772 square feet of concrete construction, including the roof deck, ensuring durability and low maintenance. Two additional buildings contribute 2,947 and 2,446 square feet respectively. The property includes two dock-high doors and 14-foot ceilings. Currently 100% occupied by CSS Fireplaces & Outdoor Living under a landlord-friendly NNN lease with a corporate guarantee, the lease features a 4-year term commencing October 1, 2024, and expiring September 30, 2028, with a single five-year renewal option. Annual rent increases of 4% provide inflation protection. The property is zoned IH and benefits from a prime location near I-10 and I-295, offering easy access to major transportation arteries within the Jacksonville MSA. The asking price is $3,035,400, representing a compelling 6.00% cap rate and a price per square foot of $107.77. The property's strong tenant, robust lease terms, and strategic location make it an attractive investment opportunity. The Net Operating Income (NOI) is $182,124.

Highlights

  • NNN Lease, landlord-friendly, with award-winning contractor tenant.
  • Concrete construction throughout, including the roof.
  • Priced at approximately $100/SF, offering strong residual value.
  • 1.86-acre lot with industrial zoning, accommodating diverse tenants.
  • 4% annual rent increases.
  • Two dock-high loading areas.

Property Details for 5225 Edgewood Ct

Property type
Warehouses, Industrial properties
Square Feet
28,165 SF
Year Built/Renovated
1960/2019
Buildings
3
Stories
1
Lot Size (sq. ft)
81,022 SF

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.325096725656
Longitude
-81.737091383777
5225 Edgewood Ct, Jacksonville, Florida

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5225 Edgewood Ct
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