Current Use by Public Records
- Retail properties & Spaces
Property Details for 463185 Fl-200
- Year built
- 1996
- Lot size
- 0.56 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This fee-simple, single-tenant retail property at 463185 FL-200, Yulee, FL 32097, offers a compelling investment opportunity. The 2,419 square foot building, constructed in 1996 and renovated in 2020, sits on a 0.56-acre lot with 21 parking spaces. Currently occupied by a Starting Point franchisee under a NNN lease expiring May 31, 2025, the property boasts a 6.50% pro-forma cap rate and a $84,665 pro-forma NOI. The lease features 2% annual rent bumps. The property benefits from a prime location on a high-traffic road (47,500 ADT) with excellent visibility and proximity to a major signalized intersection. The area is experiencing significant residential and commercial growth, with the Wildlight community's expansion adding approximately 15,000 residential units. Nassau County's projected population growth of 47.5% by 2035 further enhances the property's long-term value. The property is zoned for general commercial use. This soon-to-be-vacant net lease presents a unique chance to acquire a well-located asset in a rapidly growing market. The asking price is $1,300,000 ($537.41/sq ft).
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
- Yulee
- County
- Nassau
- State
- Florida
- Longitude
- -81.5988
- Latitude
- 30.6323
