6937 St Augustine Rd Jacksonville, FL 32217
- Retail properties
- 3,600 SF
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Costume Store / Party Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 6937 St Augustine Rd
- Year built
- 1969
- Property size
- 3,600 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional Jacksonville, FL investment opportunity presents a fully leased, 3,600 square foot retail storefront building situated on a 0.17-acre lot. The property boasts two tenants under NNN leases: a 2,543 square foot space with a five-year lease and a 1,057 square foot space with a four-year lease, including a one-year renewal option. This ensures a stable income stream with minimal landlord responsibilities. The building, constructed in 1969 and renovated in 2023, enjoys 100% occupancy, generating a net operating income (NOI) exceeding $89,544 annually, representing a 7.5% capitalization rate. The asking price is $1,195,000, translating to $331.94 per square foot. Located at 6937 St. Augustine Road in Duval County (zip code 32217), the property benefits from excellent visibility and accessibility, with proximity to major roadways like I-95 and University Boulevard. The CN zoning permits a variety of uses, and the included vacant lot offers significant value-add potential for expansion or redevelopment. This turnkey asset is ideal for investors seeking stable, long-term growth in a thriving Jacksonville market. Rent bumps are included in the lease agreements.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.626
- Latitude
- 30.2513
