5225 Edgewood Ct Jacksonville, FL 32254-3601

This exceptional investment opportunity presents a fee-simple, 28,165-square-foot industrial property in Jacksonville, Florida. The property, situated on a generous 1.86-acre lot, features three buildings totaling 28,165 square feet of net rentable area. The main building, constructed in 1960 and renovated in 2019, boasts 22,772 square feet of concrete construction, including the roof deck, ensuring durability and low maintenance. Two additional buildings contribute 2,947 and 2,446 square feet respectively. The property includes two dock-high doors and 14-foot ceilings. Currently 100% occupied by CSS Fireplaces & Outdoor Living under a landlord-friendly NNN lease with a corporate guarantee, the lease features a 4-year term commencing October 1, 2024, and expiring September 30, 2028, with a single five-year renewal option. Annual rent increases of 4% provide inflation protection. The property is zoned IH and benefits from a prime location near I-10 and I-295, offering easy access to major transportation arteries within the Jacksonville MSA. The asking price is $3,035,400, representing a compelling 6.00% cap rate and a price per square foot of $107.77. The property's strong tenant, robust lease terms, and strategic location make it an attractive investment opportunity. The Net Operating Income (NOI) is $182,124.