10716 Atlantic Blvd Jacksonville, FL 32225

This exceptional investment opportunity presents a freestanding Shell gas station and convenience store located at 10716 Atlantic Blvd, Jacksonville, FL 32225. The property boasts a 738 square foot building situated on a 0.51-acre lot, featuring 10 gas pumps. Built in 1989 and renovated in 2020, this property benefits from a strong location with high traffic counts (74,000+ vehicles per day) and a dense population (81,000+ within 3 miles, 218,000+ within 5 miles), boasting an average household income exceeding $75,000 within a 3-mile radius. The property is currently operating under a 21-year absolute NNN lease with a franchisee tenant, commencing November 22, 2019, and expiring November 30, 2040. This leaves a substantial 16-year remaining lease term, providing significant long-term stability. The lease includes annual rent bumps of 2.00% and two 10-year renewal options. The asking price is $4,568,000, representing a price per square foot of $6,189.70 and a 6.25% cap rate based on a net operating income (NOI) of $285,471. The property offers a compelling investment opportunity due to its strong tenant, long-term lease, and favorable location within a tax-advantaged state. This is a leased fee simple ownership.