For Sale
$3,360,000

8215 Dix Ellis TrlJacksonville, FL 32256

High-Yield Cookies Cannabis Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Fee-simple, single-tenant Cookies Cannabis dispensary in Jacksonville, FL.
  • 3,923 SF building on a 0.92-acre lot, renovated in 2024.
  • High-visibility location near I-95 (118,000+ VPD) and Baymeadows Road (64,500+ VPD).
  • Strong tenant: 10-year lease (4/1/24-3/31/34) with two 5-year options, 10% rent increases every five years, 7.70% cap rate, $258,750 NOI.
  • Excellent demographics: Proximity to major retailers (Publix, Lowe's, BJ's), Florida State College at Jacksonville (35,000 students), and 8,000+ housing units within 3 miles.

Property Details for 8215 Dix Ellis Trl

Property type
Retail properties, Drug stores
Square Feet
3,923 SF
Year Built/Renovated
1980/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
40,075 SF
Units
1

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.2202673
Longitude
-81.5732204
8215 Dix Ellis Trl, Jacksonville, Florida

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8215 Dix Ellis Trl
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