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Property profile & analytics
OFF-MARKET
Drive through restaurants

3649 Philips Hwy Jacksonville, FL 32207-5613

2,289 SF 1.5 ac lot Built 1987
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US19-0540157
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1987
Construction WOOD
Total area 2,289 SF
Lot 1.5 ac (65,435 SF)
Zoning code CCG-2
APN 126071-0110
UPID US19-0540157
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
  • Circle K Gas Station
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
3649 Philips Highway LLC · 1 yrs held
3649 Philips Highway LLC
since 2024
7 recorded transactions
2024
$3.6M
2024
Price N/A
2021
$1.7M
2016
Price N/A
2007
$1.4M
2006
$1.2M
2006
Price N/A
Zoning & alternative use
CCG-2 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Commercial Community/General-2 (CCG-2) District. (a) Permitted uses and structures. (1) Commercial Retail Sales and Service Establishments (2) Retail sales of new or used automobiles, trucks and tractors, mobile homes, boats, pawnshops subject to Part 4, automotive vehicle parts (but not automobile wrecking yards, junkyards or scrap processing yards), heavy…

Zone name Commercial Community General 2
General category COMMERCIAL
Zone area 5,623.40 ac
Source Zoning Ordinance
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