463185 Fl-200Yulee, FL 32097

Property Details for 463185 Fl-200

Year built

1996

Lot size

0.56 AC

Property size (Sq ft)

2,419 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This fee-simple, single-tenant retail property at 463185 FL-200, Yulee, FL 32097, offers a compelling investment opportunity. The 2,419 square foot building, constructed in 1996 and renovated in 2020, sits on a 0.56-acre lot with 21 parking spaces. Currently occupied by a Starting Point franchisee under a NNN lease expiring May 31, 2025, the property boasts a 6.50% pro-forma cap rate and a $84,665 pro-forma NOI. The lease features 2% annual rent bumps. The property benefits from a prime location on a high-traffic road (47,500 ADT) with excellent visibility and proximity to a major signalized intersection. The area is experiencing significant residential and commercial growth, with the Wildlight community's expansion adding approximately 15,000 residential units. Nassau County's projected population growth of 47.5% by 2035 further enhances the property's long-term value. The property is zoned for general commercial use. This soon-to-be-vacant net lease presents a unique chance to acquire a well-located asset in a rapidly growing market. The asking price is $1,300,000 ($537.41/sq ft).

Location Insight

City

Yulee

County

Nassau

State

Florida

Latitude

30.6323

Longitude

-81.5988

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