For Sale
$2,493,750

3134 Canal St Jacksonville, FL 32209

High-yield retail storefront in prime location.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 10,500-square-foot Family Dollar store located at 3134 N Canal St, Jacksonville, FL 32209. Built in 2023, this single-tenant property boasts a 100% occupancy rate and a strong net operating income (NOI) of $149,625, translating to a 6.00% cap rate. The asking price is $2,493,750, or $237.50 per square foot. The property benefits from a triple-net (NNN) lease, minimizing landlord responsibilities. The tenant, a nationally recognized and highly successful retailer, offers investment-grade stability and resilience against economic downturns and e-commerce competition. The property's strategic location enjoys high visibility and significant traffic volume, with a daily vehicle count exceeding 22,000 on the nearby MLK Pkwy and over 4,100 on N Canal St. This is a rare chance to acquire a high-performing, low-maintenance retail asset with a long-term lease, providing a secure and lucrative investment for years to come. The property is classified as a storefront retail space within Duval County.

Highlights

  • 10+ year lease with a strong, investment-grade tenant demonstrating resilience to economic downturns and e-commerce disruption.
  • High-performing, dual-branded retail store.
  • MLK Pkwy boasts 22,000+ vehicles per day.
  • N Canal St sees 4,100+ vehicles per day.

Property Details for 3134 Canal St

Property type
Retail properties, Retail space
Square Feet
10,500 SF
Year Built
2023

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.357440435742
Longitude
-81.697089068346

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FAQs

What type of property is this?
Retail property - High-yield retail storefront in prime location.
Where is the retail property located?
The property is located at 3134 Canal St Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,493,750.
What are key features of this property?
This property features: 10+ year lease with a strong, investment-grade tenant demonstrating resilience to economic downturns and e-commerce disruption.; High-performing, dual-branded retail store.; MLK Pkwy boasts 22,000+ vehicles per day.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Joe Boyd
Joe Boyd
Visit Broker Website

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Useful Information

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Canal St
Jacksonville, FL 32209

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Canal St
Jacksonville, FL 32209

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Disclaimer

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.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

3134 Canal St
  • Joe Boyd
    Joe Boyd
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