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    1393 Kings Rd Jacksonville, FL 32209

    Sponsored
    For Sale
    $1,950,000

    High-yield Jacksonville retail investment.

    Property size:
    1,172 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a Sunoco gas station and convenience store located at 1393 Kings Rd, Jacksonville, FL 32209. The property boasts a 1,172 square foot building constructed in 2002 and renovated in 2015, situated on a single story building with a 100% occupancy rate since January 8, 2022. The property features two gas pumps with EMV/chip card readers under a canopy, and benefits from a high-traffic location with an AADT of 18,900 vehicles per day, just half a mile from I-95 and two miles from the Jacksonville Landing. The current NNN lease, with two remaining lease options, runs until January 7, 2032, providing a substantial remaining lease term of 7.1 years. The property generates a significant net operating income (NOI) of $202,271 annually, resulting in a compelling 10.37% cap rate. Financial performance is easily documented through ATM, gaming machine, fuel, and store sales, averaging over $69,755 in monthly store sales and over 25,000 gallons of fuel sold monthly at a competitive price point. Additional income streams from ATMs and gaming machines contribute over $12,000 monthly. The property's strategic location within a high-density residential area, coupled with its strong financial performance and long-term lease, makes it an attractive investment prospect. The existing store layout offers potential for expansion, with extra space suitable for a fast-food concept. The asking price is $1,950,000, translating to $1,663.82 per square foot.

    Property Features for 1393 Kings Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,172 SF

    Building Details

    Year Built/Renovated
    2002/2015
    Buildings
    1
    Stories
    1

    HighLights

    • $69,755 in monthly store sales.
    • High‑volume fuel sales exceeding 25,000 gallons monthly at $0.29/gallon, with minimal competition.
    • $12,000+ monthly income from ATM, gaming, and miscellaneous sources, supported by strong financial records.
    • Two multi‑product dispensers (MPDs) with an overlapping canopy.
    • 1,172 square foot leased retail space.
    • Located in a high‑density residential area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sunoco Gas Station Gas Station

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6776065
    Latitude
    30.3418426

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Jacksonville retail investment.
    Where is this individual retail property located?
    The property is located at 1393 Kings Rd Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: $69,755 in monthly store sales.; High-volume fuel sales exceeding 25,000 gallons monthly at $0.29/gallon, with minimal competition.; $12,000+ monthly income from ATM, gaming, and miscellaneous sources, supported by strong financial records.
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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
    1393 Kings Rd Jacksonville, FL 32209
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