'We Have The Meats JAX LLC Acquires Arby's Near Jacksonville International Airport For $2.7M'
626 Airport Center Dr Jacksonville, FL 32218, USA
$2,700,000
$814/SF
Building Size
3,315 SF
Asset Type
Retail
Closing
Aug 21, 2023
About this deal
AI
The Arby's near Jacksonville International Airport has been sold for $2.7 million in a recent transaction. The buyer, We Have The Meats JAX LLC, acquired the property from the seller, Dale Kindermann. The sale reflects the strong demand for investment properties in the Jacksonville area. The property, located at 626 Airport Center Drive, spans approximately 0.9 acres and has a total square footage of 3,315. The price per square foot for this transaction is $814.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 626 Airport Center Drive
- Market: Jacksonville
- Square Footage: 3,315
Brett Dennis, the Associate Director at Prime Realty, represented We Have The Meats JAX LLC in this transaction. His expertise helped facilitate the successful purchase of the Arby's property. With this acquisition, We Have The Meats JAX LLC has made a strategic investment in the thriving Jacksonville investment market.
Jacksonville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93