Jacksonville Retail Investment
3134 N Canal St Jacksonville, FL 32209
3134 N Canal St, Jacksonville, FL, 32209
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For Sale
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Retail property with long-term lease and high traffic volume.
Property Size10,500 SF
Price / SF$237.50
Days on Market1288
Property Features for 3134 N Canal St
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing Agency
Twin Rivers Capital Real Estate Development
Listed by
Joe Boyd · License #SC
Source
Crexi
Added: Jan 9, 2023 Updated: Jul 6 at 8:38 am Checked: Jul 19 at 8:34 am
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 Twin Rivers Capital Real Estate Development
Investment Insights
Based on property information with market context.
This retail property in Jacksonville, Florida, features a successful combo store format with a long-term lease of over 10 years. The property is occupied by an investment-grade tenant and is described as recession-proof and e-commerce resistant. Located at 3134 N Canal St, the property benefits from high traffic volume, with approximately 22,000 vehicles per day (VPD) on MLK Parkway and approximately 4,100 VPD on N Canal St. The property has a size of 10,500 square feet.
Key Highlights
- 10+ year lease provides long‑term stability.
- Investment grade tenant ensures financial security.
- Recession‑proof business model minimizes risk.
Local Financial Insights For Specialty 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 | $226.8k | $21.60 |
| − Vacancy | −$18.1k | −$1.73 |
| EGI | $208.7k | $19.87 |
| − OpEx | −$52.2k | −$4.97 |
| NOI | $156.5k | $14.90 |
10,500 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 6.28%
Second Best
Retail
$1.70M
$1.48M – $1.98M
NOI $118,673 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,348 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dollar Tree
Department Store
Family Dollar
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Retail property with long-term lease and high traffic volume.
Where is this grocery and convenience store located?
The property is located at 3134 N Canal St Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,493,750.
What are key features of this property?
This property features: 10+ year lease provides long‑term stability.; Investment grade tenant ensures financial security.; Recession‑proof business model minimizes risk.
