SRS Real Estate Partners announced today it has completed the approximately $4.6 million sale of a 3,937-square-foot property occupied by Panera Bread. The new construction property was completed in 2023 and is situated on 1.53 acres at 9725 Applecross Road in Jacksonville, FL.
SRS Capital Markets Executive Vice President & Market Leader Patrick Nutt and Senior Vice President William Wamble represented the seller, a national real estate development company. The buyer was a South Florida-based private investor who was fulfilling a 1031 exchange.
“This opportunity offered the new ownership a passive cash-flowing asset in a prime local retail corridor within Oakleaf Town Center,” said Nutt. “New construction single-tenant assets with strong national tenants continue to have investor interest, especially quick-service restaurants as they have proven to be ecommerce resistant.”
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