7431 Atlantic Blvd, Jacksonville, FL 32211
- Drug stores
- 12,709 SF
- 1.33 lot acres
Current Use by Public Records
- CVS Photo / (Bike/Boat/Book/etc) Store
- CDReload - Online Bitcoin ATM / Atm / Currency Exchange Service
- LibertyX Bitcoin ATM / Atm
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- UPS Access Point location / Courier Service / Postal Service
Property Details for 7431 Atlantic Blvd
- Year built
- 2002
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.33 lot acres
- Zone code
- CCG-2
- Property type
- Drug stores
- APN
- 145054-0000
- APU
- 1450540000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 6, 2025 | $3,400,000 | Destination Church Assembly Of God | Primera Business Group LLC | Special Warranty Deed | $1.9M · Assemblies Of God Loan Fund |
| Sep 9, 2022 | $3,831,740 | Primera Business Group LLC | Kadish Re LLC | Quit Claim Deed · related | — |
Description
This exceptional investment opportunity presents a single-tenant, freestanding CVS Pharmacy located at 7431 Atlantic Blvd, Jacksonville, FL 32211. The property boasts 11,010 square feet on a 1.38-acre lot, built in 2002. Currently operating under an absolute NNN lease with zero landlord responsibilities, the lease expires January 30, 2028, with ten 5-year renewal options. The property enjoys a 100% occupancy rate, generating a strong NOI of $259,494 and a 6.75% cap rate. The asking price is $3,844,356 ($349.17/sq ft). Situated on a signalized corner with excellent visibility, the property benefits from high traffic counts (66,000+ vehicles daily) and dense demographics (over 15,000 residents within one mile, 89,000+ within three miles). The strong tenant, CVS, holds a high credit rating (BBB with S&P and Baa1 with Moody's), making this a resilient, recession-resistant investment. Jacksonville's strong economic outlook, including projected population growth of +4.63% within a one-mile radius over the next five years, further enhances the property's value. Rent is prepaid through the remaining lease term; seller will provide credit at closing. This is a prime opportunity to acquire a stable, high-performing asset in a thriving market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,395,000
- 6.5%
- $2,210,000
- 7%
- $2,050,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,411,000
Market price range: $526k - $1.41M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,300,000 Current use
- COMMERCIAL (GENERAL)
- $3,205,000 Change: +39% Conversion: Easy
- MEDICAL BUILDING
- $2,905,000 Change: +26% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,710,000 Change: +18% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,095,000 Change: -9% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,040,000 Change: -11% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.5797
- Latitude
- 30.3138
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
