For Sale
$1,913,043

7700 Argyle Forest BlvdJacksonville, FL 32244

High-yield NNN auto shop lease in prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 1,709 square foot Take 5 Oil Change located at 7700 Argyle Forest Blvd, Jacksonville, FL 32244, in Duval County. The property sits on a 0.5-acre lot and boasts a brand-new 2024 construction. The property is currently operating at 100% occupancy under a 20-year triple net (NNN) lease with a corporate guarantee, providing significant long-term stability. The lease features a strong annual net operating income (NOI) of $110,000, translating to a compelling 5.75% cap rate. The asking price is $1,913,043. The property benefits from its strategic location within a dense retail corridor, surrounded by major national tenants such as Lowe's, Walmart, Kohl's, ALDI, CVS, Chick-fil-A, McDonald's, and Taco Bell. This high-traffic area ensures consistent customer flow. While proximity to educational institutions and hospitals is not confirmed by the provided data, the property's location within a thriving retail environment makes it an attractive investment. The lease commenced upon closing and includes annual rent increases of 1.50%. This is a single-tenant, net lease investment with significant upside potential. The property's strong financials and prime location make it an ideal addition to any portfolio.

Highlights

  • 1,709 SF Take 5 Oil Change, new 2024 construction, on a 0.5-acre lot at 7700 Argyle Forest Blvd, Jacksonville, FL 32244.
  • Strong, long-term investment: 20-year NNN lease with corporate guarantee, 100% occupancy, $110,000 annual NOI, 5.75% cap rate, $1,913,043 asking price, and 1.5% annual rent increases.
  • Prime retail location: High-traffic area with nearby Lowe's, Walmart, Kohl's, ALDI, CVS, Chick-fil-A, McDonald's, and Taco Bell.
  • Single-tenant, net lease investment with significant upside potential.

Property Details for 7700 Argyle Forest Blvd

Property type
Retail properties, Auto shops
Square Feet
1,709 SF
Year Built
2024
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.1956268
Longitude
-81.7738238
7700 Argyle Forest Blvd, Jacksonville, Florida

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7700 Argyle Forest Blvd
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