For Sale
$3,844,356

7431 Atlantic BlvdJacksonville, FL 32211

High-Yield CVS Pharmacy, Absolute NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a single-tenant, freestanding CVS Pharmacy located at 7431 Atlantic Blvd, Jacksonville, FL 32211. The property boasts 11,010 square feet on a 1.38-acre lot, built in 2002. Currently operating under an absolute NNN lease with zero landlord responsibilities, the lease expires January 30, 2028, with ten 5-year renewal options. The property enjoys a 100% occupancy rate, generating a strong NOI of $259,494 and a 6.75% cap rate. The asking price is $3,844,356 ($349.17/sq ft). Situated on a signalized corner with excellent visibility, the property benefits from high traffic counts (66,000+ vehicles daily) and dense demographics (over 15,000 residents within one mile, 89,000+ within three miles). The strong tenant, CVS, holds a high credit rating (BBB with S&P and Baa1 with Moody's), making this a resilient, recession-resistant investment. Jacksonville's strong economic outlook, including projected population growth of +4.63% within a one-mile radius over the next five years, further enhances the property's value. Rent is prepaid through the remaining lease term; seller will provide credit at closing. This is a prime opportunity to acquire a stable, high-performing asset in a thriving market.

Highlights

  • Single-tenant, freestanding CVS Pharmacy in Jacksonville, FL.
  • Absolute NNN lease with zero landlord responsibilities.
  • Located in Florida, a state with no income tax.
  • Jacksonville MSA ranks #38 among the top 50 US MSAs.
  • High-density demographics: over 15,000 residents within one mile, 89,000+ within three miles, and significant daytime employment.
  • High-visibility corner lot with signalized intersection and high daily traffic counts.

Property Details for 7431 Atlantic Blvd

Property type
Retail properties, Drug stores
Square Feet
11,010 SF
Year Built
2002
Lot Size (sq. ft)
60,113 SF

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.3138218
Longitude
-81.579862
7431 Atlantic Blvd, Jacksonville, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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.
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 unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7431 Atlantic Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message