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971 Cassat Ave
Jacksonville, FL 32205 Murray Hill

$2,577,328 USD

Bank For Sale  •  3,598 SF

Property Details

• Property Type Bank
• Total Building Size 3,598 SF
• Lot Size 0.75 AC
• Building Class C
• Year Built 2004
• Cap Rate 7.25 %
• Tenancy Single
• Zoning CCG-1

36 Transit Score

82 Walk Score

Highlights

NNN Lease: Ideal investment for a passive investor.

Annual Rent Increases: The lease features 3.00% annual rental increases throughout the base term and 2.00% annual increases during the option periods

Long Term Lease: 11.5-year initial base term with +9 years remaining, coupled with two (2) additional five-year renewal options.

Former Bank Building: This investment opportunity features a former bank building that has been successfully repurposed into a medical cannabis

4-Lane Drive-Thru: The property offers a significant competitive advantage with its fully equipped four-lane drive-thru

Strong Corporate Guarantee/Multi-State Operator: This lease is backed by a strong corporate guarantee.

Cap Rate:

7.25 %

Amenities

• Freeway Visibility
• Pylon Sign
• Signalized Intersection
• Drive Thru

Public Transportation

Commuter Rail	Drive	Walk	Distance
Jacksonville (Silver Meteor - Amtrak, Silver Star - Amtrak)	11 min	-	4.9 mi
Airport	Drive	Walk	Distance
Jacksonville International	28 min	-	18.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	24
Type:	Surface
Included in Rent:	Yes