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CVS 6005 St Augustine Rd 16,362 SF Retail Building Jacksonville, FL 32217 $6,800,000 ($415.60/SF) 5% Cap Rate
Investment Highlights
- Recent 20-year lease extension with CVS, expiring November 2040.
- 5% rental increases every five years during five 5-year option periods.
- Located in a high-growth corridor with $103,000+ average household income.
- Absolute NNN lease with zero landlord obligations for a fully passive investment.
- Prime hard-corner location at signalized intersection with ±65,500 VPD.
- Jacksonville is Florida's most populous city and #2 job market in the nation.
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # CQ1066435, BK3554632 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # CQ1066435, BK3554632 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
16,362 SF
Building Class
B
Year Built/Renovated
2001/2015
Price
$6,800,000
Price Per SF
$415.60
Cap Rate
5%
NOI
$340,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.68
Lot Size
0.55 AC
Zoning
CCG-1 - General Commercial Community - 1
Parking
137 Spaces (8.37 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 154101-0001 | Improvements Assessment | $2,413,840 |
| Land Assessment | $1,750,360 | Total Assessment | $4,164,200 |
Property Taxes
Parcel Number
154101-0001
Land Assessment
$1,750,360
Improvements Assessment
$2,413,840
Total Assessment
$4,164,200
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