9760 San Jose Blvd - Freestanding FOR SALE


Jacksonville, FL 32257
$1,999,000 USD
786-295-1825
9760 San Jose Blvd, Jacksonville, FL for Sale
$1,999,000 USD
Freestanding - FOR SALE
1/4
null | 6.37% Cap Rate

9760 San Jose Blvd
Jacksonville, FL 32257


HIGHLIGHTS

  • Corporate Guarantee
  • Absolute NNN - No Landlord Responsibilities
  • 7.5 Years Remaining on the Lease
  • 2% Rent Increase Annually
  • Great Location
  • Strong Demographics

OVERVIEW

7.5 Years Remaining on the Lease | Corporate Guaranteed | Annual Rental Increases | Options to Extend • The lease is corporate guaranteed by Curaleaf Holdings, Inc., the world’s largest cannabis company by revenue • 7.5 -years remaining on the lease with 2 (5-year) options to extend, demonstrating their longterm commitment to the site • The lease features 2% annual rental increases, growing NOI and hedging against inflation NNN Lease | Fee-Simple Ownership | Zero Landlord Responsibilities • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises • No landlord responsibilities • Investor benefits from fee-simple ownership of the building and land • Ideal, low-management investment for a passive investor in a state with no state income tax Fronting Primary Thoroughfare | Great New Location | Near Interstate 295 | Excellent Visibility & Access • Subject property is strategically located on San Jose Boulevard, a primary retail and commuter thoroughfare averaging 62,000 passing by daily • Great new location that was recently renovated in 2020 • Nearby national/credit tenants include Big Lots, Ace Hardware, Outback Steakhouse, Fifth Third Bank, CVS, McDonald’s and more • Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site • Less than 2 miles north of Interstate 295 (163,000 VPD) Strong Demographics in 5-mile Trade Area | Population Growth • More than 140,000 residents and 93,000 employees support the trade area • Features an average household income of $76,363 • Jacksonville’s population grew by 10.9% to 911,507, with 89,757 new residents over the past decade

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$788 USD /SF

CAP RATE

6.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

CCG-2

APN/PARCEL ID

148968-0000

ASK ABOUT THIS PROPERTY

Alex WolakONE Sotheby's International RealtyMore Info
786-295-1825

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Alex WolakONE Sotheby's International RealtyMore Info
786-295-1825

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.