Investment Highlights

CORPORATE GUARANTEED ABSOLUTE NNN GROUND LEASE WITH SCHEDULED RENTAL INCREASES TO GROWING TENANT
» Corporate absolute NNN ground lease with three (3) five (5) year options, creating a stable, long-term investment
» Lease guaranteed by Fogo de Chão (Holdings) INC.
» 10% rental increases every five years with upcoming rental increase in November 2022, providing a hedge against inflation
» NNN lease requires zero landlord management, ideal for an out-of-area investor
» Fogo de Chão has expanded and continues to expand throughout the U.S., Brazil, Mexico, and the Middle East

LOCATED IN DENSELY POPULATED, AFFLUENT, AND GROWING RETAIL CORRIDOR
» High-traffic location on Town Center Parkway (44,000 AADT), significantly increasing traffic to the site
» Beneficial proximity to highly trafficked Jacksonville thoroughfares, including State Route 202/J. Turner Butler Boulevard and Interstate 295 (combined 237,500 AADT)
» Average annual household income of $84,952 within five miles of the location
» Population of 186,215 within a five-mile radius of the site, providing an extremely large customer base for the property
» Average annual household income of $91,042 within one mile of the site

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Centrally located within The Strand at Town Center, a 198,000-SF mixed-use development in North Florida’s commercial epicenter
» Surrounded by a strong mix of local and national retailers, including Costco, Dillard’s, DICK’S Sporting Goods, Best Buy, McDonald’s, Wendy’s, Chipotle, Starbucks, and many more
» Ideally located within two miles of 3.5 million SF of class-leading retail and approximately 3,200 multi-family housing units
» 2.5 miles from the University of North Florida (15,944 students, 1,250 employees)

Property Description

SOLD

The property is conveniently located on Town Center Parkway (44,000 AADT), a high-traffic location that significantly increases visibility to the site. The location is strategically placed near highly trafficked Jacksonville thoroughfares, including State Route 202/J. Turner Butler Boulevard and Interstate 295 (combined 237,500 AADT). The site is also located in a densely populated area, with a population of 186,215 within a five-mile radius of the site. The property is set within an extremely affluent area as well, with an average annual household income of $91,042 within one mile of the site.

Visibility to the property is increased by the site’s centralized location near large employers, retailers, and community hubs. The site is included in The Strand at Town Center, a 198,000-SF mixed-use development in North Florida’s commercial epicenter. The location is surrounded by a strong mix of local and national retailers, including Costco, Dillard’s, DICK’S Sporting Goods, Best Buy, McDonald’s, Wendy’s, Chipotle, Starbucks, and many more. The site is ideally located within two miles of 3.5 million SF of class-leading retail and approximately 3,200 multi-family housing units. The property also resides 2.5 miles from the University of North Florida, a major Florida community hub with 15,944 students and 1,250 employees.