Chevron - Net Lease Property for Sale
Jacksonville, FL
Key Investment Metrics
Price
$3,199,000
Cap Rate
7.5%
Net Operating Income
$240,000
Building Size
2640 SF
Lot Size
2,640 SF
Remaining Term
20 years
Lease Term
20 years
Lease Type
Absolute NNN
Year Built
N/A
Tenancy
Single
Rent Increases
8% Every 5 Years
About This Chevron Net Lease Property
This Chevron NNN (triple net lease) property is located in Jacksonville, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 2640 square feet of building space.
With a cap rate of 7.5%, this Chevron net lease property offers stable income potential. The asking price is $3,199,000, making it an attractive option for 1031 exchange investors seeking quality Chevron commercial properties.
Why Invest in Chevron NNN Properties?
- Stable Income: Chevron net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Chevron is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Jacksonville, FL Market Overview
Located in Jacksonville, FL, this Chevron property benefits from strong local demographics and market fundamentals. The Jacksonville area offers excellent visibility and accessibility, making it an ideal location for Chevron operations and a solid investment for net lease property buyers.