This exceptional investment opportunity presents a Sunoco gas station and convenience store located at 1393 Kings Rd, Jacksonville, FL 32209. The property boasts a 1,172 square foot building constructed in 2002 and renovated in 2015, situated on a single story building with a 100% occupancy rate since January 8, 2022. The property features two gas pumps with EMV/chip card readers under a canopy, and benefits from a high-traffic location with an AADT of 18,900 vehicles per day, just half a mile from I-95 and two miles from the Jacksonville Landing. The current NNN lease, with two remaining lease options, runs until January 7, 2032, providing a substantial remaining lease term of 7.1 years. The property generates a significant net operating income (NOI) of $202,271 annually, resulting in a compelling 10.37% cap rate. Financial performance is easily documented through ATM, gaming machine, fuel, and store sales, averaging over $69,755 in monthly store sales and over 25,000 gallons of fuel sold monthly at a competitive price point. Additional income streams from ATMs and gaming machines contribute over $12,000 monthly. The property's strategic location within a high-density residential area, coupled with its strong financial performance and long-term lease, makes it an attractive investment prospect. The existing store layout offers potential for expansion, with extra space suitable for a fast-food concept. The asking price is $1,950,000, translating to $1,663.82 per square foot.
Highlights
$69,755 in monthly store sales.
High-volume fuel sales exceeding 25,000 gallons monthly at $0.29/gallon, with minimal competition.
$12,000+ monthly income from ATM, gaming, and miscellaneous sources, supported by strong financial records.
Two multi-product dispensers (MPDs) with an overlapping canopy.
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Contacts
Mark Amendolagine
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1393 Kings Rd, Jacksonville, Florida, 32209
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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1393 Kings Rd
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