Net Leased Retail Property For Sale at Auction
Home Depot Auction
1919 Wells Road | Orange Park (Jacksonville), FL

ASKING PRICE
$2,000,000

BID DEPOSIT AMOUNT
$25,000

AUCTION DATE
04/07/2014

FEE SIMPLE INTEREST

BUILDING SIZE
108,578 SF

LAND SIZE
495,277 SF (11.37 Acres)

JACKSONVILLE METROPOLITAIN AREA


OTHER FEATURES

Transwestern and Auction.com are pleased to offer for sale to qualified investors an absolute net leased property in Orange Park (Jacksonville), Florida. This fee simple offering is 100 percent leased to Home Depot and represents the opportunity to acquire a well-located investment grade asset.

The lease commenced in September of 1992 and has a 25-year primary term, with 10, five-year tenant options to extend. Rent increased five percent on September 1, 2012 and will increase five percent on the first day of each option period. Additionally, Home Depot is sub-landlord for a 6,500-square-foot retail building occupied by Panda Express and The Mattress Firm. This building does not currently provide any additional rent to the landlord, but will revert to the landlord upon termination of the Home Depot lease.

The subject is in a densely populated retail area, directly adjacent to a Super Target and across the street from the 958,000-square-foot Orange Park Mall anchored by Dillards, JC Penney, Sears, Belk, Dick’s Sporting Goods, and AMC Theaters.

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Andrew Watson
312.881.7065
andrew.watson@transwestern.com

Marc Imrem
312.881.7066
marc.imrem@transwestern.com


Victor Garcia
Auction.com
#SL3213205
Florida Licenced Broker

TRANSWESTERN
200 West Madison, Suite 3300
Chicago, IL 60606

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Copyright © 2014 Transwestern. All rights reserved. The information provided herein was obtained from sources believed reliable; however, Transwestern makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.