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August 11, 2020 Comments Off on Net-Leased Retail Property in Jacksonville Trades for $7M Views: 559 Florida News, North Florida

Net-Leased Retail Property in Jacksonville Trades for $7M

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JLL has arranged the $7.1 million sale of a 6,267-square-foot, single-tenant retail building ground leased to Wawa at the entrance to the St. Johns Town Center regional retail node in Jacksonville.

Michael Brewster of JLL represented the seller, Florida-based CTO Realty Growth, in the transaction. The buyer was not disclosed.

“The St. Johns Town Center trade area is one of the most preferred submarkets for retailers, businesses and residents in the southeastern United States,” said Brewster. “At the heart of it, Wawa serves customers from all over North Florida, and the neighborhood, highway access and immense traffic made this a special offering with irreplaceable intrinsic value.”

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