201 Pickettville Road

Jacksonville, FL 32220

Listing ID: 187494
$468,000
For Sale
  • Lot Size Acres 0.700
  • Building Sq Ft 5,000
  • Building Price per Sq Ft $93.60
  • Land Sq Ft 30,491
  • Land Price per Sq Ft $15.35
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Description

Newmark Phoenix Realty Group is please to exclusively offer for sale the fee simple interest (land &building) in a Fastenal leased investment property located at 201 Picketville Road in Jacksonville, Florida.Built originally in 2004 as a build to suit for Lesco, the property consist of 5,000sf of air conditionedwarehouse and office space that sits on approximately .7 acres. The building features a recently signednew three (3) year lease extension with the tenant. The Ownership is currently improving the propertywith a new septic system, new landscaping, tree trimming and a commercial grade fence with doublegates on each side of the property.

• The lease is guaranteed by Fastenal (NYSE: FAST) which is a globally recognized tenant in theindustrial and safety supply industry with over 2,200 branches throughout the US,Canada, Mexico, Puerto Rico and Europe along with 13 distribution centers(www.fastenal.com)

• Successful operating history at the property, illustrating a commitment to the site

• Located in Jacksonville’s most stable and in demand industrial market, with excellent accessto all of Jacksonville’s major thoroughfares and ideally located near Fed Ex, UPS and thebulk mail hub.

• Market rent, with future rate escalations for upside income to the potential investor

• Priced below replacement costs, eliminating investor and developer risk with thechallenges of new construction.

• Ideal deal size for a 1031 Exchange, with attractive financing rates available.

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population2,11435,972127,895
Population Median Age383737
Population by Age0-9 Yrs264 (12%)5318 (14%)18283 (14%)
10-19 Yrs411 (19%)4715 (13%)16043 (12%)
20-29 Yrs153 (7%)4718 (13%)18423 (14%)
30-39 Yrs236 (11%)4546 (12%)17246 (13%)
40-49 Yrs288 (13%)4690 (13%)16296 (12%)
50-59 Yrs330 (15%)5073 (14%)16946 (13%)
60-69 Yrs235 (11%)3918 (10%)14115 (11%)
70+ Yrs197 (9%)2994 (8%)10544 (8%)
Median HH Income$42,612$45,119$44,036
Total Household Income< 24K193 (24%)3755 (27%)13643 (27%)
25-49K274 (34%)3663 (27%)13768 (28%)
50-74K174 (22%)2867 (21%)9732 (19%)
75-99K66 (8%)1549 (11%)5386 (10%)
100-199K69 (8%)1439 (10%)5517 (11%)
200K+8 (1%)176 (1%)952 (1%)
Highest Education LevelNo Diploma173365712191
Diploma or GED594935130837
Some College338563719962
Assoc. Degree14521418118
Bachelors Degree122248810435
Higher Degree226884539
Total Housing Units93915,33056,213
--Owner-Occupied5257,75027,614
--Renter-Occupied2585,69921,383
Owner-Occupied Values< 100K317339512203
100-199K145338810116
200-299K506883424
300-399K14135793
400-499K038362
500K+0106717
Total Working Age Population1,59327,55999,424
In Work Force89517,08363,209
Not In Work Force69710,47636,215
Workforce Employed80315,57057,372
Workforce Unemployed901,4405,468
Civlian Workforce89317,01062,841
Military Workforce273369
Total Households78313,44948,997
Family Households5188,74630,216
Non-Family Households2654,70318,781
Married Couple3145,03417,214
Other Family2043,71213,003
Married w/Child1181,8186,051
Single Male w/Child73131,605
Single Female w/Child951,6585,291

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Duval County778,879+11864,263+14981,852+121,095,165

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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