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.

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download