3649 Philips Hwy, Jacksonville, FL 32207-5613
- Drive through restaurants
- 2,289 SF
- 1.50 lot acres
Current Use by Public Records
- Circle K / Gas Station
Property Details for 3649 Philips Hwy
- Year built
- 1987
- Construction
- WOOD
- Lot size
- 1.50 lot acres
- Zone code
- CCG-2
- Property type
- Drive through restaurants
- APN
- 126071-0110
- APU
- 1260710110
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 4, 2024 | $3,643,000 | 3649 Philips Highway LLC | 3649 Phillips Highway Owner LLC | Special Warranty Deed | — |
| May 21, 2024 | — | 3649 Phillips Highway Owner LLC | Circle K Stores INC | Lease | — |
| Jul 8, 2021 | $1,700,000 | 3649 Phillips Highway Owner LLC | Broadstone Tb Jacksonville LLC | Special Warranty Deed | $935k · Ameris Bank |
| May 23, 2016 | — | Southeast Qsr LLC | — | Deed · related | $35M · Bank Of America |
| Jun 21, 2007 | $1,390,000 | Broadstone Tb Jacksonville LLC | Cnl Net Lease Funding 2003 LLC | Grant Deed | — |
| Dec 28, 2006 | $1,228,400 | Cnl Net Lease Funding 2003 LLC | Jaguar Bells LLC | Special Warranty Deed | — |
| Dec 28, 2006 | — | Southeast Qsr LLC | Cnl Net Lease Funding 2003 LLC | Grant Deed · related | — |
| Aug 25, 1999 | $225,000 | Jaguar Bells LLC | Taco Ball Corp | Grant Deed | — |
Description
This exceptional investment opportunity presents a brand-new, 5,200-square-foot Circle K convenience store and gas station located at 3649 Philips Hwy in Jacksonville, Florida. Built in 2024, the property sits on a 1.48-acre corner lot at a four-way intersection experiencing over 60,000 vehicles daily, with proximity to I-95 (130,000+ vehicles daily). The property is 100% occupied under a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Circle K, a highly rated tenant. The current annual net operating income (NOI) is $185,800, representing a 5.00% cap rate and a price per square foot of $714.62. The lease features five, five-year renewal options, extending the potential lease term to 40 years, with rent increases of 5% every 5 years. This offering provides a secure, long-term investment with significant upside potential in a high-traffic location. The property's strong tenant, long lease term, and prime location make it an attractive addition to any portfolio. This is a turnkey investment with minimal management requirements. The asking price is $3,716,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.6334
- Latitude
- 30.2884
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
