3264 Gerona Dr Jacksonville, FL 32224
- Drive through restaurants
- 510 SF
- 0.51 lot acres
Current Use by Public Records
- 7 Brew Coffee / Coffee Shop / Coffee Stand
Property Details for 3264 Gerona Dr
- Year built
- 2023
- Lot size
- 0.51 lot acres
- Property size
- 510 SF
- Zone code
- CCG-1
- Property type
- Drive through restaurants
- APN
- 166629-0010
- APU
- 1666290010
Description
This exceptional investment opportunity presents a 510-square-foot, newly constructed (2023) 7 Brew Coffee shop located at 3264 Gerona Dr E, Jacksonville, FL 32224. The property sits on a 0.51-acre lot and benefits from a 15-year absolute NNN lease (commencing January 1, 2023, and expiring December 31, 2037) with annual rent increases. The tenant, 7Venture Inc., an affiliate of K-Mac Enterprises, is a rapidly expanding QSR operator with a proven track record and plans for significant future growth. This single-tenant property boasts a strong net operating income (NOI) of $165,000, resulting in a compelling 6.35% cap rate. The property enjoys a prime location on a major thoroughfare (U.S. Route 90/Beach Boulevard) with a high average daily traffic count of 46,500. Its strategic placement near hotels (TownPlace Suites by Marriott and Hampton Inn & Suites), the Mayo Clinic Jacksonville, and a Target-anchored center ensures high visibility and substantial foot traffic. The surrounding area boasts a large and affluent population (172,734 residents within five miles, with an average household income of $138,499 within one mile), providing a stable customer base. This is an ideal investment for passive investors seeking a low-management, high-return opportunity with built-in growth potential. The asking price is $2,599,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,490,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,490,000
- 6.5%
- $1,635,000
- 7%
- $1,525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,390,000
- Geo Method
- $1,680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,260,000
- Retail
- $1,700,000
- Mixed-Use
- $1,750,000
- Hospitality
- $1,630,000
- Educational
- $1,355,000
- Residential Income
- $1,755,000
- Energy
- $1,465,000
- Income-Based Land
- $1,425,000
- Food Service
- $1,310,000
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.456
- Latitude
- 30.2883
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
