TRANSACTION HIGHLIGHTS
Property Type: NNN Retail
1408 Park Avenue, Orange Park, FL 32073
Sale Price: $2,600,000
CAP Rate: 4.7%
Size: 2,000 SF
Market: Jacksonville MSA
FA Commercial is pleased to announce the sale of a 2,000 SF NNN retail investment property, with a Long Term, NNN Lease in place to Dunkin Donuts in Orange Park
Fabio & Sebastián Faerman successfully struck a $2.6M deal selling a NNN retail investment property with an in place CAP Rate of 4.7%, located at 1408 Park Avenue, Orange Park, FL 32073.
The deal structure features:
- Long Term, Triple Net (NNN) lease with approximately 12 Years remaining
- Three Percent Annual Rent Increases Throughout Base Term and Option Periods
- Two, Five-Year Tenant Renewal Options
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