3134 Canal St Jacksonville, FL 32209
- Retail space
- 10,260 SF
- 0.50 lot acres
Current Use by Public Records
- Dollar Tree / General Store
- Family Dollar / Toy Store / Dollar Store
Property Details for 3134 Canal St
- Year built
- 2023
- Lot size
- 0.50 lot acres
- Property size
- 10,260 SF
- Zone code
- PUD
- Property type
- Retail space
- APN
- 084321-0000
- APU
- 843210000
Description
This exceptional investment opportunity presents a 10,500-square-foot Family Dollar store located at 3134 N Canal St, Jacksonville, FL 32209. Built in 2023, this single-tenant property boasts a 100% occupancy rate and a strong net operating income (NOI) of $149,625, translating to a 6.00% cap rate. The asking price is $2,493,750, or $237.50 per square foot. The property benefits from a triple-net (NNN) lease, minimizing landlord responsibilities. The tenant, a nationally recognized and highly successful retailer, offers investment-grade stability and resilience against economic downturns and e-commerce competition. The property's strategic location enjoys high visibility and significant traffic volume, with a daily vehicle count exceeding 22,000 on the nearby MLK Pkwy and over 4,100 on N Canal St. This is a rare chance to acquire a high-performing, low-maintenance retail asset with a long-term lease, providing a secure and lucrative investment for years to come. The property is classified as a storefront retail space within Duval County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $70,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $55,000
- 6.5%
- $60,000
- 7%
- $60,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $55,000
- Geo Method
- $60,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $60,000
- Retail
- $65,000
- Mixed-Use
- $60,000
- Hospitality
- $65,000
- Educational
- $65,000
- Residential Income
- $60,000
- Energy
- $60,000
- Income-Based Land
- $55,000
- Food Service
- $50,000
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.6973
- Latitude
- 30.3571
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA