Jacksonville Retail Investment
For Sale
Contact for pricing
3134 N Canal St, Jacksonville, FL 32209
Retail property with long-term lease and high traffic volume.
Property Size10,500 SF
Price / SF$237.50
Days on Market1382
Property Features for 3134 N Canal St
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Retail
Zoning
PUD
Occupancy
100%
Lease Type
NN
Net Operating Income
$149,625
Building Details
Year Built
2023
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Twin Rivers Capital Real Estate Development
Listed By:
Joe Boyd · License #SC
Source:
Crexi
Added: Jan 9, 2023
Changed: Oct 1
Last Checked: Oct 20 at 9:16PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,492
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,129,840
$3.1M
Cap Rate 7%
$2,235,600
$2.2M
Cap Rate 9%
$1,738,800
$1.7M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$226.8K $21.60/SF
− Vacancy
−$18.1K −$1.73/SF
EGI
$208.7K $19.87/SF
− OpEx
−$52.2K −$4.97/SF
NOI
$156.5K $14.90/SF
Area
Jacksonville, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,129,840
Cap Rate 7%
$2,235,600
Cap Rate 9%
$1,738,800
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
10,696 visits/mo
0.1 miles
Demographics for 32209, FL
36,656
Population
17,706
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
82%
High-School Grad
9.3 sq mi
ZIP Area
3,942
Density / Sq Mi
$29,468
Median Household Income
$26,435
Median Earnings
$1,042
Median Rent
$92,300
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 Jacksonville, FL
Frequently Asked Questions
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.
