551 Cassat Ave Jacksonville, FL 32254

Listing agency Forged Real Estate m***@forgedre.com Show Phone

Listed by Stephen Schrenk · License #NJ

Source Crexi

Added: Apr 11 Updated: Jul 22 at 7:55AM Checked: Jul 22 at 7:55AM

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Investment Insights

Based on property information with market context.

The offering consists of fee simple ownership in a single-tenant gas station and convenience store property leased to SQRL. The property is operated under a corporately guaranteed triple-net (NNN) lease structure. SQRL began a 20-year lease term in June 2023, with 2% rental annual increases included, as well as four 5-year option periods.

The property is located along Cassat Road in Jacksonville, with stated traffic of 23,500 VPD, and is seconds from Exit 358 off Interstate 10. Interstate 10 is described as carrying more than 128,500 VPD.

This is a leased, single-tenant asset with ownership structured as fee simple.

Key Highlights

• Fee‑simple single‑tenant property leased to SQRL for a gas station and convenience store operation
• Corporately guaranteed triple‑net (NNN) lease with passive ownership structure
• 20‑year lease term began June 2023 with 2% annual rental increases

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FAQs

What type of property is this?

Gas station - Fee-simple NNN property leased to SQRL for a gas station and convenience store operation.

Where is this gas station located?

The property is located at 551 Cassat Ave Jacksonville, FL.

What are key features of this property?

This property features: Fee‑simple single‑tenant property leased to SQRL for a gas station and convenience store operation; Corporately guaranteed triple‑net (NNN) lease with passive ownership structure; 20‑year lease term began June 2023 with 2% annual rental increases