7752 Lem Turner Rd Jacksonville, FL 32208-3255
- Grocery and convenience stores
- 2,850 SF
- 0.47 lot acres
Current Use by Public Records
- Sunoco / Gas Station
- Cryptobase Bitcoin ATM / Atm
Property Details for 7752 Lem Turner Rd
- Year built
- 1998
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.47 lot acres
- Property size
- 2,850 SF
- Zone code
- CCG-2
- Property type
- Grocery and convenience stores
- APN
- 026907-0000
- APU
- 269070000
Description
This exceptional investment opportunity presents a freestanding Sunoco gas station and convenience store located at 7752 Lem Turner Rd, Jacksonville, FL 32208. The property boasts a 2,835 square foot building on a 0.47-acre lot, constructed in 1998 and renovated in 2020. Currently operating under a 21-year absolute NNN lease with Sunoco, commencing November 22, 2019, and expiring November 30, 2040, there are 16 years remaining on the primary term. The lease includes two 10-year renewal options and features a strong 2.00% annual rent increase. The property generates a substantial net operating income (NOI) of $289,976, resulting in an attractive 6.25% cap rate. The asking price is $4,640,000, translating to $1,636.68 per square foot. The property benefits from a prime location with high traffic counts (47,000+ vehicles per day) and a dense population (81,000+ within 3 miles, 180,000+ within 5 miles). The eight gas pumps and the convenience store contribute to the property's robust performance. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location within a tax-advantaged state. The property is 100% occupied.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.6794
- Latitude
- 30.3905
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
