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Property profile & analytics
FOR SALE
Retail space

3134 N Canal St Jacksonville, FL 32209

10,260 SF 0.5 ac lot Built 2023
Entity Owned 5-yr Hold Free & Clear
Property ID
US18-4478331
3134 N Canal St, Jacksonville, FL 32209 For Sale
$2,493,750 10,260 SF
3134 N Canal St, Jacksonville, FL 32209
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2023
Total area 10,260 SF
Lot 0.5 ac (21,893 SF)
Zoning code PUD
APN 084321-0000
UPID US18-4478331
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dollar Tree Department Store Grocery & Convenience Store
  • Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$820k
Blend (final) Blend
$795k
Owner & transaction history
Trc Canal LLC · 5 yrs held
Trc Canal LLC
since 2020
Last sale
$3,900
2 recorded transactions
2020
Price N/A
2020
$3,810
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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