Single-Tenant Gas Station and
For Sale
Contact for pricing
551 Cassat Ave, Jacksonville, FL 32254
Fee-simple NNN property leased to SQRL for a gas station and convenience store operation.
Property SizeContact for details
Days on Market135
Property Features for 551 Cassat Ave
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
23,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Stephen Schrenk · License #NJ
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 7:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Forged Real Estate
Investment Insights
Based on property information with market context.
The offering consists of fee simple ownership in a single-tenant gas station and convenience store property leased to SQRL. The property is operated under a corporately guaranteed triple-net (NNN) lease structure. SQRL began a 20-year lease term in June 2023, with 2% rental annual increases included, as well as four 5-year option periods.
The property is located along Cassat Road in Jacksonville, with stated traffic of 23,500 VPD, and is seconds from Exit 358 off Interstate 10. Interstate 10 is described as carrying more than 128,500 VPD.
This is a leased, single-tenant asset with ownership structured as fee simple.
The property is located along Cassat Road in Jacksonville, with stated traffic of 23,500 VPD, and is seconds from Exit 358 off Interstate 10. Interstate 10 is described as carrying more than 128,500 VPD.
This is a leased, single-tenant asset with ownership structured as fee simple.
Key Highlights
- Fee‑simple single‑tenant property leased to SQRL for a gas station and convenience store operation
- Corporately guaranteed triple‑net (NNN) lease with passive ownership structure
- 20‑year lease term began June 2023 with 2% annual rental increases
Property Analytics
Property Profile
Current Use
Lease Details
23,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
146k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 33%
Home Improvements & Furnishings 27%
Apparel 2%
Lowe's
Home Improvements & Furnishings
39,443 visits/mo
0.2 miles
McDonald's
Dining
25,905 visits/mo
0.2 miles
Shell
Shops & Services
19,756 visits/mo
0.1 miles
Krispy Kreme Doughnuts
Dining
19,703 visits/mo
0.3 miles
Dollar Tree
Shops & Services
15,498 visits/mo
0.2 miles
Demographics for 32254, FL
14,545
Population
6,331
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
73%
High-School Grad
12.4 sq mi
ZIP Area
1,173
Density / Sq Mi
$36,449
Median Household Income
$29,443
Median Earnings
$1,111
Median Rent
$85,100
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Fee-simple NNN property leased to SQRL for a gas station and convenience store operation.
Where is this gas station located?
The property is located at 551 Cassat Ave Jacksonville, FL.
What are key features of this property?
This property features: Fee‑simple single‑tenant property leased to SQRL for a gas station and convenience store operation; Corporately guaranteed triple‑net (NNN) lease with passive ownership structure; 20‑year lease term began June 2023 with 2% annual rental increases
