7700 Argyle Forest BlvdJacksonville, FL 32244

Property Details for 7700 Argyle Forest Blvd

Year built

2024

Lot size

0.50 AC

Property size (Sq ft)

1,709 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.1956

Longitude

-81.7738

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