Single Tenant SQRL Gas Station & Convenience Store

Jacksonville, FL

$3,950,000 PRICE | 6.00% CAP | $237,000 NOI

✓ FEE SIMPLE NNN LEASE, BONUS DEPRECIATION ELIGIBLE – SQRL operates on a corporately guaranteed triple-net (NNN) lease, allowing for a hands-off passive form of ownership. The fee simple form of ownership allows for the property to be depreciated; an incentive not offered in a ground lease.

✓ LONG TERM LEASE WITH RENTAL INCREASES – SQRL began a twenty (20) year lease term in June of 2023. The lease features two percent (2%) annual rent increases including in their four (4), five (5) year option periods.

✓ NEARBY INTERSTATE HIGHWAY ACCESS – The property is seconds from Exit 358 off Interstate 10, a major interstate highway boasting more than 128,500 VPD.

✓ METRO AREA LOCATION – SQRL sits along Cassat Road (23,500 VPD) in Jacksonville and is part of the Jacksonville MSA that is home to over 1.67 million residents.

✓ INCOME TAX-FREE STATE – The SQRL gas station & convenience store is located within Florida, an income tax-free state. Florida was ranked by the Census Bureau as the fastest growing state within the United States in 2022.

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