Jacksonville, Florida – We were searching for Net Lease Properties with a prime tenant, McDonald’s. If you are searching for triple net leased properties, McDonald’s is a fantastic choice for a Tenant. At times you find somewhat of a lower Cap Rate with such a secure Tenant. We would like to report of a net lease property with McDonald’s on a net-lease, selling for $1.54 million. This net lease property is located in the Shoppes at Amelia Concourse.
The Shoppes at Amelia Concourse is in Yulee, Florida. Yulee is about 15 miles north of Jacksonville International Airport (JAX), in Jacksonville, Florida. The Retail Shopping Center, Shoppes at Amelia was designed by ADW Architects. Some other Tenants at this Retail Shopping Center are Nails So Happy, Advance America, Hair Cuttery, Payless ShoeSource, Florida Coastal Amelia Island, Sushi House, Petco, Community First Credit Union, Oriental Buffet, Maurices and Hibbett Sports.
The NNN Lease Investment is an out-parcel to both Target and Home Depot in the Shoppes at Amelia Concourse. The existing lease with McDonald’s is a 20-year lease. This absolute triple-net lease property (NNN) has a corporate ground lease with 17 years remaining. The net lease investment with McDonald’s, is located at 463761 SR 200 in Yulee. We are not aware if this was a 1031 Exchange.
The NNN Commercial Real Estate seller was a a developer from Jacksonville, Florida. The triple net lease property is a 3,960-square-foot building. The triple net lease property buyer is a private investor from Weston, Connecticut.
The total of the Shoppes at Amelia Concourse is 394,625 square feet with Home Depot and Target as the anchor Tenants. Originally, the Retail Shopping Center was to be 450,000 square feet of retail space and 15 out-parcels. The region of this net lease investment is host to numerous festivals and world class events, including the Isle of Eight Flags Shrimp Festival. Some other events for this Yulee, Florida area are the Amelia Island Concours d’Elegance, the Bausch & Lomb Tennis Championship, and it is home to six championship golf courses.
Yulee is in Nassau County, Florida. The population was 8,392 at the 2000 census to generate foot traffic for “NNN” triple net lease properties. The city was named for David Levy Yulee, a Senator from Florida. We do not see many “NNN” triple net lease properties come available, with McDonald’s as Tenant.
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