11330 Bch Blvd Jacksonville, FL 32246-3804

Property Details for 11330 Bch Blvd

Year built

1986

Construction

STEEL FRAME

Lot size

0.70 lot acres

Property size

1,278 SF

Zone code

CCG-2

Property type

Commercial real estate

APN

165412-0300

APU

1654120300

Description

This exceptional investment opportunity presents a fee-simple ownership of a Shell-branded gas station and convenience store located at 11330 Beach Boulevard in Jacksonville, Florida. The property features a 1,086 square foot building on a 0.7-acre lot, including 10 fueling stations. The property benefits from a strong absolute NNN lease with Shell, a franchisee, with 16 years remaining until the lease expires on November 20, 2040, and includes two 10-year renewal options. The lease boasts attractive 2% annual rent increases, providing a hedge against inflation and a steady income stream. The tenant is solely responsible for all maintenance, repairs, and replacements, minimizing landlord responsibilities. This prime retail location sits at the signalized intersection of St. Johns Bluff Road S and Beach Boulevard (US Route 90), a major commercial and commuter corridor, just 1,000 feet from Interstate 295. The property enjoys excellent visibility and high traffic counts, exceeding 73,000 vehicles daily at the intersection and an additional 103,500 vehicles daily along I-295. The area boasts strong demographics, with approximately 76,600 people within a 3-mile radius and an average household income of $96,791. The property is shadow-anchored by a shopping center including Winn-Dixie, CVS, and Starbucks, and is surrounded by numerous national retailers and restaurants. The property's proximity to the University of North Florida and Florida State College at Jacksonville South Campus provides a substantial student population base. The asking price is $3,219,000, representing a 6.25% cap rate and a net operating income (NOI) of $201,208. The building was constructed in 1986 and is a single-story structure. This is a truly passive investment opportunity with significant upside potential.