For Sale
$2,599,000

3264 Gerona Dr Jacksonville, FL 32224

High-yield QSR investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 510-square-foot, newly constructed (2023) 7 Brew Coffee shop located at 3264 Gerona Dr E, Jacksonville, FL 32224. The property sits on a 0.51-acre lot and benefits from a 15-year absolute NNN lease (commencing January 1, 2023, and expiring December 31, 2037) with annual rent increases. The tenant, 7Venture Inc., an affiliate of K-Mac Enterprises, is a rapidly expanding QSR operator with a proven track record and plans for significant future growth. This single-tenant property boasts a strong net operating income (NOI) of $165,000, resulting in a compelling 6.35% cap rate. The property enjoys a prime location on a major thoroughfare (U.S. Route 90/Beach Boulevard) with a high average daily traffic count of 46,500. Its strategic placement near hotels (TownPlace Suites by Marriott and Hampton Inn & Suites), the Mayo Clinic Jacksonville, and a Target-anchored center ensures high visibility and substantial foot traffic. The surrounding area boasts a large and affluent population (172,734 residents within five miles, with an average household income of $138,499 within one mile), providing a stable customer base. This is an ideal investment for passive investors seeking a low-management, high-return opportunity with built-in growth potential. The asking price is $2,599,000.

Highlights

  • High-visibility location on US Route 90/Beach Boulevard, a major east-west thoroughfare in Florida, with 46,500 AADT and close proximity to the Atlantic Ocean.
  • Prime location directly across from a 93-room TownPlace Suites by Marriott and adjacent to a 112-room Hampton Inn & Suites, ensuring high foot traffic.
  • Excellent proximity to the Mayo Clinic Jacksonville, a top-ranked hospital and major economic driver for the area.
  • Strong demographics: 172,734 residents within a five-mile radius.
  • High average household income of $138,499 within one mile.
  • Across the street from a successful Target-anchored shopping center, providing significant traffic generation.

Property Details for 3264 Gerona Dr

Property type
Retail properties, Retail space
Square Feet
510 SF
Year Built
2023
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.288306
Longitude
-81.456013

FAQs

What type of property is this?
Retail property - High-yield QSR investment opportunity.
Where is the retail property located?
The property is located at 3264 Gerona Dr Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: High-visibility location on US Route 90/Beach Boulevard, a major east-west thoroughfare in Florida, with 46,500 AADT and close proximity to the Atlantic Ocean.; Prime location directly across from a 93-room TownPlace Suites by Marriott and adjacent to a 112-room Hampton Inn & Suites, ensuring high foot traffic.; Excellent proximity to the Mayo Clinic Jacksonville, a top-ranked hospital and major economic driver for the area.
How can I contact the broker?
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3264 Gerona Dr
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