2031 W 33rd St Jacksonville, FL 32209

Listing agency SRS Real Estate Partners Salt Lake City Show Phone

Listed by Jack Cornell · License #UT 9518385-SA00

Source Crexi

Added: Apr 12 Updated: Jul 21 at 6:15AM Checked: Jul 21 at 6:15AM

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Investment Insights

Based on property information with market context.

Fee simple interest is offered in an absolute NNN leased industrial building together with adjacent land. The current tenant, USA Big Mountain Paper Inc., signed a seven-year lease in May 2022 with one 7-year option to extend.

The lease includes 3% rental increases every year throughout the initial term and at the beginning of each option period. Absolute NNN terms are described as providing zero landlord responsibilities.

Adjacent land totaling 2.37 acres is separately leased to Crowley Logistics, Inc. under a 33-month lease that commenced Dec. 1, 2022 and runs through Aug. 31, 2025. The adjacent tenant occupies the industrial building just south of the subject property and leases the excess land as a storage yard for containers, trucks, and trailers.

Key Highlights

• Fee simple purchase of an absolute NNN industrial building in Jacksonville, Florida, with adjacent land
• Tenant USA Big Mountain Paper Inc. signed a seven‑year lease in May 2022 with a 7‑year option to extend
• Absolute NNN lease structure with zero landlord responsibilities reported in the remarks

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FAQs

What type of property is this?

NNN property - Absolute NNN industrial building plus adjacent leased land in Jacksonville, with two tenants and active lease terms.

Where is this nnn property located?

The property is located at 2031 W 33rd St Jacksonville, FL.

What are key features of this property?

This property features: Fee simple purchase of an absolute NNN industrial building in Jacksonville, Florida, with adjacent land; Tenant USA Big Mountain Paper Inc. signed a seven‑year lease in May 2022 with a 7‑year option to extend; Absolute NNN lease structure with zero landlord responsibilities reported in the remarks