0 Address Not DisclosedFernandina Beach, FL 32034

Property Details for 0 Address Not Disclosed

Year built

2021

Property size (Sq ft)

10,818 SF

Property type

Retail properties

Description

This exceptional retail investment opportunity presents nine fully leased townhomes totaling 10,818 square feet, situated in Duval County, Florida, zip code 32034 (Jacksonville, near Fernandina Beach). Built in 2021, the property boasts a strong 5.50% capitalization rate and a substantial net operating income (NOI) of $164,354, translating to a price per square foot of $276.85. The asking price is $2,995,000. Each of the nine units is under a long-term corporate lease with nine years remaining on a ten-year term, ensuring consistent rental income and minimizing vacancy risk. The leases include automatic monthly payments, streamlining cash flow management. Furthermore, each townhome is fully furnished, with tenant responsibility for furniture replacement as needed. This turnkey investment offers a secure and profitable opportunity in a desirable Jacksonville location. The property's recent construction and long-term lease agreements provide exceptional stability and a high return on investment. This is an ideal opportunity for investors seeking a low-maintenance, high-yield asset in a growing market. The property's location offers easy access to major transportation routes and amenities, further enhancing its appeal. This is a rare opportunity to acquire a well-performing, fully leased retail property with significant upside potential.

Location Insight

City

Fernandina Beach

County

Duval

State

Florida

Latitude

30.5945

Longitude

-81.4938

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