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2 Unit Retail Investment Property

6937 St Augustine Rd, Jacksonville, FL 32217, USA
$1,095,000

Description

Investment Opportunity: 3,600 SF 2-Tenant Commercial Building in Jacksonville, FL

Located at 6937 St. Augustine Rd, Jacksonville, FL 32217, this fully leased 3,600 SF commercial building offers a strong investment opportunity with two long-term tenants. The property is 100% leased, with a 2,543 SF unit on a 5-year NNN lease and a 1,057 SF unit on a 4-year NNN lease with an option to renew for 1 year, providing stable income streams and minimal landlord responsibilities. With an average yearly NOI of over $89,000, this investment is a great source for passive income.

Also available for sale is a 0.17-acre lot, offering additional potential for value-add investment. The lot could be used for extra parking or redevelopment, with possibilities to add another building or multi-family units, depending on zoning regulations. This additional lot can be purchased for $100,000 separately.

The building is in excellent condition and has been well-maintained by the owner. Located in the Southside area of Jacksonville, it offers excellent visibility and accessibility, with proximity to major roads like I-95 and University Blvd. The surrounding area is a mix of residential neighborhoods and commercial enterprises, providing a strong customer base for tenants. Jacksonville continues to grow, making this property a stable and potentially high-yield investment.

Key Highlights:

  • 3,600 SF Building 100% leased
  • 5-year NNN lease on 2,543 SF
  • 4-year NNN lease on 1,057 SF with a option to renew for 1 year
  • Well-maintained property in excellent condition

Investment Highlights

  • 3,600 SF Building 100% leased – 8.18% CAP Rate
  • 5-year NNN lease on 2,543 SF
  • 4-year NNN lease on 1,057 SF with option to renew for 1 year
  • Well-maintained property in excellent condition
  • Address: 6937 St Augustine Rd
  • City: Jacksonville
  • Zip/Postal Code: 32217
  • Country: United States

Detail

Updated on February 3, 2025 at 4:33 pm

  • Price: $1,095,000
  • Property Size: 3 SF
  • Property Type: Retail
  • Property Status: No Longer For Sale

Contact info

Matt Demir
Matt Demir
(904) 200-1835
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