Leased Strip Mall with Corporate
1740 3rd St S Jacksonville Beach, FL 32250
1740 3rd St S, Jacksonville Beach, FL, 32250
Contact for pricing
For Sale
Contact for pricing
For sale strip mall with 11+ years remaining on a corporate lease and scheduled 10% rental increases.
Property Size6,405 SF
Price / SF$359.44
Days on Market106
Property Features for 1740 3rd St S
General Information
- Standard status
- Active
- Size
- 6,405 SF
- Property subtype
- RETAIL
Listing agency
SRS Real Estate Partners | Fort Lauderdale
(954) 302-7365
Listed by
Patrick Nutt · License #FL BK3120739
Source
Moodyscre
Added: Apr 8 Updated: Jul 22 at 2:40AM Checked: Jul 22 at 2:40AM
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 SRS Real Estate Partners | Fort Lauderdale
Investment Insights
Based on property information with market context.
This for-sale strip mall is offered with an existing corporate lease in place. According to the public remarks, the lease has 11+ years remaining.
The offering also includes scheduled 10% rental increases. This combination of a long remaining term and step-up rent structure is designed to provide stable, lease-driven income over the hold period.
Additional property configuration details were not provided in the available information.
The offering also includes scheduled 10% rental increases. This combination of a long remaining term and step-up rent structure is designed to provide stable, lease-driven income over the hold period.
Additional property configuration details were not provided in the available information.
Key Highlights
- Strip mall with 11+ years remaining on a corporate lease
- Corporate lease with scheduled 10% rental increases
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.3k | $18.00 |
| − Vacancy | −$9.8k | −$1.53 |
| EGI | $105.5k | $16.47 |
| − OpEx | −$31.6k | −$4.94 |
| NOI | $73.8k | $11.53 |
6,405 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.05M
$923.0K – $1.23M
NOI $73,843 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,594 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - For sale strip mall with 11+ years remaining on a corporate lease and scheduled 10% rental increases.
Where is this strip mall located?
The property is located at 1740 3rd St S Jacksonville Beach, FL.
What is the asking price?
The asking price for this property is $2,302,200.
What are key features of this property?
This property features: Strip mall with 11+ years remaining on a corporate lease; Corporate lease with scheduled 10% rental increases
