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    5340 Soutel Dr Jacksonville, FL 32219

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    For Sale
    $2,070,000

    Single tenant Walgreens with extended lease and below market rent.

    Property size:
    14,548 SF
    Lot size:
    1.80 Acres

    Property Features for 5340 Soutel Dr

    General Information

    Size
    14,548 SF
    Lot size
    1.80 Acres

    Source: Legacy Real Estate Advisors Agent Dominic Shamany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Walgreens in Jacksonville, FL

    This is a single tenant freestanding Walgreens property located in Jacksonville, Florida. Walgreens has operated at this site since 1998 and recently extended their lease for 10 years with a 55% increase in rent. The current annual rent is $10.65, which is below market and below the chainwide average. The property benefits from dense demographics, with a population exceeding 47,000 within a 3-mile radius and 130,000 within a 5-mile radius. The location is across from Harvey’s Supermarket, situated on a signalized hard corner with over 21,000 vehicles per day passing the intersection of Soutel Drive and Moncrief Road. The property is a 20-minute drive to Jacksonville International Airport, a distance of 11.6 miles. The property was recently equipped with a new roof in 2021 and has a size of 14,548 square feet. Florida is an income-tax free state.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LibertyX Bitcoin ATM Atm FedEx OnSite Mailing Service COVID-19 Drive-thru Testing ... Pharmacy Walgreens Drug Store Walgreens Pharmacy Pharmacy

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Walgreens Pharmacy, Anissa Glass, Pharm, Nicole Berry, Anissa Glass, Andre Washington

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7302334
    Latitude
    30.3934605

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    FAQs

    What type of property is this?
    Drug store - Single tenant Walgreens with extended lease and below market rent.
    Where is this drug store located?
    The property is located at 5340 Soutel Dr Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $2,070,000.
    What are key features of this property?
    This property features: - 10-year lease extension with a 55% rent increase demonstrates Walgreens' strong commitment to the location.; - Below-market rent ($10.65 annually) offers potential for future value appreciation.; - High-traffic location on a signalized hard corner with 21,000+ vehicles per day.
    (248) 450-3259
    Request Owner's contact information
    5340 Soutel Dr Jacksonville, FL 32219
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    Jacksonville, FL 32219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5340 Soutel Dr Jacksonville, FL 32219
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