Property Highlights
- Absolute Net Lease with zero landlord maintenance obligations
- Fee simple ownership of land and building allows for depreciation
- Annual rent increases provide hedge against inflation
- Corporate Arby’s lease
- Arby’s operates over 3,400 locations and has produced 25 consecutive quarters of same store sales growth
- Out parcel to Publix anchored shopping center
- Excellent underlying real estate fundamentals and clear visibility to 50,000 cars/day along Southside Blvd.
- Dynamic trade area with close proximity to the 1.5 Million SF St. Johns Town Center, UNF (16,525 students) and Florida Blue headquarters
- Daytime population within 3 miles: 113,511
- Florida has no state income tax