7700 Argyle Forest Blvd Jacksonville, FL 32244
- Retail properties
- 1,709 SF
- 0.50 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7700 Argyle Forest Blvd
- Year built
- 2024
- Lot size
- 0.50 lot acres
- Property size
- 1,709 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 1,709 square foot Take 5 Oil Change located at 7700 Argyle Forest Blvd, Jacksonville, FL 32244, in Duval County. The property sits on a 0.5-acre lot and boasts a brand-new 2024 construction. The property is currently operating at 100% occupancy under a 20-year triple net (NNN) lease with a corporate guarantee, providing significant long-term stability. The lease features a strong annual net operating income (NOI) of $110,000, translating to a compelling 5.75% cap rate. The asking price is $1,913,043. The property benefits from its strategic location within a dense retail corridor, surrounded by major national tenants such as Lowe's, Walmart, Kohl's, ALDI, CVS, Chick-fil-A, McDonald's, and Taco Bell. This high-traffic area ensures consistent customer flow. While proximity to educational institutions and hospitals is not confirmed by the provided data, the property's location within a thriving retail environment makes it an attractive investment. The lease commenced upon closing and includes annual rent increases of 1.50%. This is a single-tenant, net lease investment with significant upside potential. The property's strong financials and prime location make it an ideal addition to any portfolio.
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
- -81.7738
- Latitude
- 30.1956
