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Property summary
This exceptional investment opportunity presents a fee-simple, single-tenant Cookies Cannabis dispensary in Jacksonville, FL. The 3,923 square foot property, built in 1980 and renovated in 2024, sits on a 0.92-acre lot at 8215 Dix Ellis Trail, 32256. Boasting a 10-year lease (commencing April 1, 2024, and expiring March 31, 2034) with two 5-year options, the property offers a strong 7.70% cap rate and a current NOI of $258,750. The lease includes 10% rent increases every five years. This prime location enjoys high visibility, adjacent to Interstate 95 (118,000+ vehicles daily) and Baymeadows Road (64,500+ vehicles daily), near major retailers like Publix, Lowe's, and BJ's Wholesale. The area also benefits from the proximity of Florida State College at Jacksonville (35,000 students) and approximately 8,000 housing units within a 3-mile radius. The asking price is $3,360,000. This is a rare opportunity to acquire a high-performing, established cannabis dispensary with significant long-term growth potential. The property is 100% occupied and offers a secure, passive income stream.
Property profile
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
or other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PUD · Jacksonville, FLor other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
or other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PUD in Jacksonville, FL.
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