3649 Philips HwyJacksonville, FL 32207

This exceptional investment opportunity presents a brand-new, 5,200-square-foot Circle K convenience store and gas station located at 3649 Philips Hwy in Jacksonville, Florida. Built in 2024, the property sits on a 1.48-acre corner lot at a four-way intersection experiencing over 60,000 vehicles daily, with proximity to I-95 (130,000+ vehicles daily). The property is 100% occupied under a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Circle K, a highly rated tenant. The current annual net operating income (NOI) is $185,800, representing a 5.00% cap rate and a price per square foot of $714.62. The lease features five, five-year renewal options, extending the potential lease term to 40 years, with rent increases of 5% every 5 years. This offering provides a secure, long-term investment with significant upside potential in a high-traffic location. The property's strong tenant, long lease term, and prime location make it an attractive addition to any portfolio. This is a turnkey investment with minimal management requirements. The asking price is $3,716,000.