NNN Ground Lease JPM
For Sale
Contact for pricing
4990 Town Ctr Pkwy, Jacksonville, FL
NNN ground lease with 17.5 years remaining on initial term.
Property Size3,614 SF
Lot Size0.53 Acres
Price / SF$1,812
Days on Market753
Property Features for 4990 Town Ctr Pkwy
General Information
Standard status
Active
Size
3,614 SF
Lot size
0.53 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Southside
Listing Agency:
STREAM Capital Partners
(312) 899-6664
Listed By:
Jordan Shtulman · License #475152062
(847) 226-4133
Source:
Moodyscre
Added: Oct 7, 2024
Changed: Oct 25
Last Checked: Oct 28 at 11:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STREAM Capital Partners
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Investment Insights
Based on property information with market context.
This property features an absolute NNN ground lease guaranteed by JPM Chase. The lease includes 2.50% annual rent increases and has 17.5 years remaining on the initial term. Situated in St. John’s Town Center, the location welcomes over 16 million visitors per year. It is positioned in immediate proximity to I-295, which sees 118,000 vehicles per day, and Turner Butler Boulevard, with 128,500 vehicles per day. The Chase Bank is located at the main intersection connecting the Costco-anchored center, the Strand at Town Center, and Simon Property Group’s St. John’s Center. The location is densely populated with over 169,671 people within five miles and an average household income of $95,395 within one mile. The property size is 3,614 square feet.
Key Highlights
- Absolute NNN ground lease guaranteed by JPM Chase.
- Enjoy 2.50% annual rent increases with 17.5 years remaining on the initial term.
- Located in St. John’s Town Center, attracting over 16 million visitors annually.
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,351
Businesses Nearby
695k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 26%
Superstores 20%
Apparel 10%
Costco Wholesale
Superstores
136,002 visits/mo
0.3 miles
Wawa
Shops & Services
51,347 visits/mo
0.1 miles
Best Buy
Electronics
46,814 visits/mo
0.2 miles
Nordstrom Rack
Apparel
45,381 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
41,288 visits/mo
0.1 miles
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Bank - NNN ground lease with 17.5 years remaining on initial term.
Where is this bank located?
The property is located at 4990 Town Ctr Pkwy Jacksonville, FL.
What is the asking price?
The asking price for this property is $6,550,964.
What are key features of this property?
This property features: Absolute NNN ground lease guaranteed by JPM Chase.; Enjoy 2.50% annual rent increases with 17.5 years remaining on the initial term.; Located in St. John’s Town Center, attracting over 16 million visitors annually.
