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'We Have The Meats JAX LLC Acquires Arby's Near Jacksonville International Airport For $2.7M'

Property Image
SOLD
$2,700,000

Florida

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Retail3,315 SF
Sold 08/21/2023
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Property Image
SOLD

'We Have The Meats JAX LLC Acquires Arby's Near Jacksonville International Airport For $2.7M'

626 Airport Center Dr Jacksonville, FL 32218, USA

See Similar Deals
Retail3,315 SF
Sold 08/21/2023
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$814
Total Square Footage:3,315 SF
Transaction Type:Sale

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.

Players

Brett Dennis
PRIME Real Estate Group
Brett Dennis
1 deal$2.7M volume(904) 930-4299
BROKER

Details

SOLD
IMAGE: Dale Kindermann & Brett Dennis DATE: 08/21/2023 ADDRESS: 626 Airport Center Drive MARKET: Jacksonville ASSET TYPE: Retail ~ ACRES: 0.9 BUYER: We Have The Meats JAX LLC SELLER: Dale Kindermann BROKER: Brett Dennis - Prime Realty SALE PRICE: $2,700,000 SF: 3,315 ~ PPSF: $814 NOTE: We Have The Meats JAX LLC purchased the Arby's near Jacksonville International Airport for $2.7 million from Dale Kindermann, reflecting strong demand for investment properties in the area, according to Prime Realty Associate Director Brett Dennis.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53