2502 ROLAC ROAD JACKSONVILLE, FL 32207
[Pages:2]2502 ROLAC ROAD JACKSONVILLE, FL
32207
NET LEASED INVESTMENT
FOR SALE
Rolac Rd
Ladson Montgomery Senior VP / Principal lmontgomery@ Forrest Gibson, CCIM Senior VP / Principal fgibson@ Bryan Bartlett SIOR Senior VP / Principal bbartlett@
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
2502 ROLAC RD
JACKSONVILLE, FL 32207
TENANT: CARVANA
Carvana is a leading E-Commerce platform for buyers and sellers of used cars. It is publicly traded in the NYSE with a market cap of $1.4 Billion. In 2020, Carvana sold 244,111 cars and produced $5.587 Billion of revenue. Total Gross profit in 2020 was $793.8 Million.
PROPERTY INFORMATION
Address: 2502 Rolac Road
Size:
5,349 gross SF office and utility garage
Site:?2.51 Acres- Fully Fenced
Zoned:
Light Industrial
Utilities:
JEA Water and Sewer
RE #:
147734-0000
LEASE INFORMATION
Landlord:
PRG Rolac, LLC, a Florida
Limited Liability Company
Tenant:
Carvana, LLC, an Arizona
Limited Liability Company
Lease Term:
62 Months
Renewal Options:
1-3 year renewal with 180 days written notification to renew
Lease Commencement: March 1, 2021
Rent Commencement: May 1, 2021
INCOME STREAM
YEAR BASE RENT
1 $99,000
2 $101,970
3 $105,029
4 $108,180
5 $111,425
Option Years
6 $114,768
7 $118,211
8 $121,757
Lease Expenses: NNN
*Landlord responsible for repair/replacement of building structures, building systems, and surface area *Tenant Responsible for all other maintenance
Tenant Improvements: Tenant invested $135,000 in facility renovations including office and bathroom upgrades
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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