JACKSONVILLE, FL., – December 14, 2021 – NAI Hallmark, a leading commercial real estate brokerage and property management firm in Jacksonville, announces the sale of 5689 Beach Boulevard, Jacksonville, FL (the “Property”). NAI Hallmark Managing Partner Keith Goldfaden and Senior Vice President Daniel Burkhardt, SIOR, CCIM, MSRE, represented the seller, Boulevard Crossing, LLC. The buyer, a private investor, purchased the Property for $2,475,000 (or a 3.43% cap rate).
“This is a newly constructed McDonalds with a 20-year absolute NNN ground lease.” said Daniel Burkhardt, Senior Vice President at NAI Hallmark. “We received wide interest from the national investment community, and are pleased to have transacted at one of the lowest cap rates for a NNN property in the history of Jacksonville.”
The 4,288 SF McDonald’s prototype with two drive-thru lanes is located along Beach Boulevard (VPD: 32,750), one of Jacksonville’s major east/west corridors and one of the most trafficked roads in Jacksonville. Before relocating to this new parcel and building in 2020, McDonald’s operated a restaurant adjacent to The Property for over 40 years.
For more information regarding the sale of 5689 Beach Boulevard in Jacksonville, Florida, or any questions relating to investment sales, please get in touch with NAI Hallmark at +1 904 363 9002.
