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    9760 San Jose Blvd Jacksonville, FL 32257

    Sponsored
    For Sale
    $1,999,000

    6.37% Cap Rate, Corporate Guaranteed

    Property size:
    2,619 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 2,619 square foot retail property under a corporate-guaranteed absolute NNN lease with Curaleaf Holdings, Inc., a credit-rated tenant. Located at 9760 San Jose Blvd in Jacksonville, Florida, this property boasts a 6.37% cap rate and a substantial 6.1 years remaining on the lease, expiring December 31, 2030. The lease commenced December 1, 2020, and includes 2% annual rent increases, providing excellent inflation protection. The property, built in 1978 and renovated in 2020, sits on a 0.66-acre lot and benefits from two 5-year lease options. The tenant is responsible for all property expenses (CAM, taxes, insurance, and maintenance), eliminating landlord responsibilities. This fee-simple ownership offers a low-management, passive income investment. The prime location on San Jose Boulevard, a major thoroughfare with high daily traffic, ensures excellent visibility and accessibility. Nearby national retailers include Big Lots, Ace Hardware, and more, creating strong tenant synergy. The 5-mile trade area boasts a population exceeding 140,000 residents and 93,000 employees, with an average household income of $76,363. This property represents a secure, high-return investment in a rapidly growing area with minimal landlord responsibilities. The Net Operating Income (NOI) is $127,344. The asking price is $1,999,000, resulting in a price per square foot of $763.27. The property is less than two miles from Interstate 295.

    Property Features for 9760 San Jose Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,619 SF
    Lot Size
    28,750 SF

    Building Details

    Year Built/Renovated
    1978/2020

    HighLights

    • $1,999,000 asking price for a 2,619 SF retail property.
    • Absolute NNN lease with Curaleaf Holdings, Inc., a credit‑rated tenant.
    • 6.1 years remaining on a 10.1‑year lease with 2 five‑year options; 2% annual rent increases.
    • Located on San Jose Blvd in Jacksonville, FL, near I‑295, with strong co‑tenancy.
    • Strong demographics in the 5‑mile trade area, including high household income and population growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Curaleaf Dispensary Jacksonville ... Cannabis Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6195522
    Latitude
    30.2004518

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    FAQs

    What type of property is this?
    Individual retail property - 6.37% Cap Rate, Corporate Guaranteed
    Where is this individual retail property located?
    The property is located at 9760 San Jose Blvd Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: $1,999,000 asking price for a 2,619 SF retail property.; Absolute NNN lease with Curaleaf Holdings, Inc., a credit-rated tenant.; 6.1 years remaining on a 10.1-year lease with 2 five-year options; 2% annual rent increases.
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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
    9760 San Jose Blvd Jacksonville, FL 32257
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