Winn-Dixie

49 Arlington Road S - Jacksonville FL 32216

LTV (Loan to Value)	65.00%	Current NOI	$241,388.00
Interest Rate	4.250%	Capital Rate	8.000%
Fixed Term	10 Years	Land Area	5.11 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,963,000.00	Property Type	Retail
Payment	$10,634.32	Property Lease	Grocery
Bulding Size	45,204 SF	Remaining Terms	4.5 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a 45,204 square-foot freestanding Winn-Dixie property situated on 5.11 acres located just off of a major road in Jacksonville, Florida. Winn-Dixie is operating under an original twenty (20) year double net (NN) lease with a 9% increase in base rent to take effect on July 14, 2016. There are also four (4), five (5) year options on the lease. The property is strategically located in the market of Jacksonville, FL, situated to serve the tenant’s targeted demographic.The property is 100% leased to Jacksonville based tenant, Winn-Dixie, which employs more than 50,000 associates who serve customers in 532 grocery stores and 399 in-store pharmacies throughout the five southeastern states of Alabama, Florida, Georgia, Louisiana, and Mississippi.Located just five (5) miles from the heart of downtown Jacksonville, the property is surrounded by national retail tenants including Captain D’s, CVS, Checkers, O’Reilly Auto Parts, and more.

Highlights

Recent Lease Extension – Winn-Dixie recently extended their lease in 2013 and has operated at this site since 1986 showing…

Property Description

Jacksonville is the largest city in the state of Florida by population and the largest city by area in the contiguous United States. It is the county seat of Duval County. Jacksonville is the most populous city proper in Florida and the Southeast, and is the twelfth most populous in the United States. Jacksonville is the principal city in the Jacksonville metropolitan area, with a population of 1,345,596 in 2012. The subject property is located nearly two (2) miles from Jacksonville's Regency Square Mall which was recently purchased for $13 million in February of 2014 by a pair of businesses from Great Neck, New York: Mason Asset Management and Namdar Realty Group. Just five (5) miles from the subject property is the heart of downtown Jacksonville, which is home to Jacksonville Veterans Memorial Arena and EverBank Field; home of the Jacksonville Jaguars. These attractions host numerous events throughout the year that bring thousands of tourists into Jacksonville.