Current Use by Public Records
- Retail properties & Spaces
Property Details for 555165 Us-1
- Year built
- 1967
- Lot size
- 2.18 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a single-tenant, net-leased convenience store located at 555165 US-1, Hilliard, FL 32046, within Nassau County. The property boasts a substantial 2,864 square feet situated on a 2.18-acre lot. The building, constructed in 1967 and fully renovated in 2024, is currently 100% occupied by Trulieve under a 10-year NNN lease commencing October 1, 2024, and expiring September 30, 2034, leaving 9.9 years remaining. The lease includes annual rent increases of 3%, ensuring consistent income growth. The property generates a Net Operating Income (NOI) of $125,000, resulting in an attractive 7.75% capitalization rate. The asking price is $1,612,903. Lease options for two, five-year extensions are included. This is a prime retail investment with a strong tenant and significant upside potential. The property consists of one single-story building.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hilliard
- County
- Nassau
- State
- Florida
- Longitude
- -81.979
- Latitude
- 30.7749
