Middleburg Retail Space For
For Sale
$1,300,000
29 Cinnamon St, Middleburg, FL 32068
NNN leased retail space in thriving Middleburg community.
Property Size3,705 SF
Days on Market186
Property Features for 29 Cinnamon St
General Information
Standard status
Active
Size
3,705 SF
Class
B
Property subtype
Office
Building Details
Building Size
3,705 SF
Year Built
1987
Listing Agency:
Prime Realty
Listed By:
Conrad Boylan · License #3382471
(904) 515-2590
Source:
Primerealtyinc
Added: Apr 12
Changed: Oct 3
Last Checked: Oct 12 at 6:24PM
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 Prime Realty
Investment Insights
Based on property information with market context.
Located just off State Road 218, not far from Blanding Boulevard, at 29 Cinnamon Street in Middleburg, Florida, this retail space benefits from strong demographics in a Jacksonville suburb. The property is currently occupied by Kid City USA, which opened a location there two years ago. Kid City USA has over 100 locations and continues to expand across the US. The NNN lease structure assigns zero landlord responsibilities and features a strong corporate and personal guarantee.
Key Highlights
- Strong corporate and personal guarantee on NNN lease.
- Zero landlord responsibilities under NNN lease.
- Located in thriving Middleburg, FL, a suburb of Jacksonville.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,875
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,500
$837.5K
Cap Rate 7%
$598,214
$598.2K
Cap Rate 9%
$465,278
$465.3K
Market Conditions
NOI Build-Up for 3,705 SF
Gross rent
$66.7K $18.00/SF
− Vacancy
−$6.9K −$1.85/SF
EGI
$59.8K $16.15/SF
− OpEx
−$17.9K −$4.84/SF
NOI
$41.9K $11.30/SF
Area
Clay County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,500
Cap Rate 7%
$598,214
Cap Rate 9%
$465,278
Alternative Uses
Best Use
Retail
$598.2K
$523.4K – $697.9K
NOI $41,875 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$988.3K
$864.8K – $1.15M
NOI $69,180 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 32068, FL
57,458
Population
21,830
Households
2.6
Avg Household Size
39
Median Age
22%
College-Educated
93%
High-School Grad
115.5 sq mi
ZIP Area
497
Density / Sq Mi
$82,410
Median Household Income
$42,615
Median Earnings
$1,411
Median Rent
$264,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - NNN leased retail space in thriving Middleburg community.
Where is this retail space located?
The property is located at 29 Cinnamon St Middleburg, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Strong corporate and personal guarantee on NNN lease.; Zero landlord responsibilities under NNN lease.; Located in thriving Middleburg, FL, a suburb of Jacksonville.
