Grocery Store

Harvey's Grocery Store

49 S Arlington Rd, Jacksonville, FL 32216

Listing Price: $3,000,000

Cap Rate
8.77%
Tenant Name
Harvery's Supermarket
Years Remaining On Lease
0.80
Gross SF
45,204
Guarantor
Corporate Guarantee
Rentable SF
45,204
Price/Gross SF
$66.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.82

Investment Overview

The Turchi Vaughn of Marcus & Millichap is pleased to present the exclusive listing for a single-tenant, 45,204-square-foot Harvey's in Jacksonville, Florida. Harvey's signed an original 20-year triple-net lease and has over one year remaining that includes three five-year options. The rent features ideal rent bumps in the base and option terms of 3 percent every three years. Winn-Dixie has a long historical occupancy at this location and has been operating at this location since 1986.

Investment Highlights

  • NNN Lease | Landlord Responsible for Roof & Structure
  • Three 5-Year Renewal Options
  • Positioned Along Area's Major Retail and Traffic Corridor on Arlington and Atlantic
  • Exceptional Traffic Counts | Over 74,000 Vehicles Per Day
  • Strong Market with Growing Demographics

Exclusively Listed By

Listing Price: $3,000,000

Cap Rate
8.77%
Tenant Name
Harvery's Supermarket
Years Remaining On Lease
0.80
Gross SF
45,204
Guarantor
Corporate Guarantee
Rentable SF
45,204
Price/Gross SF
$66.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.82

Investment Highlights

  • NNN Lease | Landlord Responsible for Roof & Structure
  • Three 5-Year Renewal Options
  • Positioned Along Area's Major Retail and Traffic Corridor on Arlington and Atlantic
  • Exceptional Traffic Counts | Over 74,000 Vehicles Per Day
  • Strong Market with Growing Demographics

Investment Overview

The Turchi Vaughn of Marcus & Millichap is pleased to present the exclusive listing for a single-tenant, 45,204-square-foot Harvey's in Jacksonville, Florida. Harvey's signed an original 20-year triple-net lease and has over one year remaining that includes three five-year options. The rent features ideal rent bumps in the base and option terms of 3 percent every three years. Winn-Dixie has a long historical occupancy at this location and has been operating at this location since 1986.

Exclusively Listed By

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