9760 San Jose Blvd Jacksonville, FL 32257

Property Details for 9760 San Jose Blvd

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.66 lot acres

Property size

2,536 SF

Zone code

CCG-2

Property type

Retail space

APN

148968-0000

APU

1489680000

Description

This exceptional investment opportunity presents a 2,619 square foot retail property under a corporate-guaranteed absolute NNN lease with Curaleaf Holdings, Inc., a credit-rated tenant. Located at 9760 San Jose Blvd in Jacksonville, Florida, this property boasts a 6.37% cap rate and a substantial 6.1 years remaining on the lease, expiring December 31, 2030. The lease commenced December 1, 2020, and includes 2% annual rent increases, providing excellent inflation protection. The property, built in 1978 and renovated in 2020, sits on a 0.66-acre lot and benefits from two 5-year lease options. The tenant is responsible for all property expenses (CAM, taxes, insurance, and maintenance), eliminating landlord responsibilities. This fee-simple ownership offers a low-management, passive income investment. The prime location on San Jose Boulevard, a major thoroughfare with high daily traffic, ensures excellent visibility and accessibility. Nearby national retailers include Big Lots, Ace Hardware, and more, creating strong tenant synergy. The 5-mile trade area boasts a population exceeding 140,000 residents and 93,000 employees, with an average household income of $76,363. This property represents a secure, high-return investment in a rapidly growing area with minimal landlord responsibilities. The Net Operating Income (NOI) is $127,344. The asking price is $1,999,000, resulting in a price per square foot of $763.27. The property is less than two miles from Interstate 295.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Longitude

-81.6197

Latitude

30.2006

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments