2 Unit Retail Investment Property - 8.4% CAP

Highlights:

• 3,600 SF Building 100% leased - 8.4% CAP Rate
• 5-year NNN lease on 2,543 SF
• 4-year NNN lease on 1,057 SF with option to renew for 1 year
• Well-maintained property in excellent condition

Description:

Investment Opportunity: 3,600 SF 2-Tenant Commercial Building in Jacksonville, FL

Located at 6937 St. Augustine Rd, Jacksonville, FL 32217, this fully leased 3,600 SF commercial building offers a strong investment opportunity with two long-term tenants. The property is 100% leased, with a 2,543 SF unit on a 5-year NNN lease and a 1,057 SF unit on a 4-year NNN lease with an option to renew for 1 year, providing stable income streams and minimal landlord responsibilities. With an average yearly NOI of $92,099, this investment is a great source for passive income.

Also available for sale is a 0.17-acre lot, offering additional potential for value-add investment. The lot could be used for extra parking or redevelopment, with possibilities to add another building or multi-family units, depending on zoning regulations. This additional lot can be purchased for $100,000 separately.

The building is in excellent condition and has been well-maintained by the owner. Located in the Southside area of Jacksonville, it offers excellent visibility and accessibility, with proximity to major roads like I-95 and University Blvd. The surrounding area is a mix of residential neighborhoods and commercial enterprises, providing a strong customer base for tenants. Jacksonville continues to grow, making this property a stable and potentially high-yield investment.

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