3134 Canal StJacksonville, FL 32209

Property Details for 3134 Canal St

Year built

2023

Lot size

0.50 AC

Property size (Sq ft)

10,260 SF

Zone code

PUD

Property type

Retail space

APN

084321-0000

APU

843210000

Description

This exceptional investment opportunity presents a 10,500-square-foot Family Dollar store located at 3134 N Canal St, Jacksonville, FL 32209. Built in 2023, this single-tenant property boasts a 100% occupancy rate and a strong net operating income (NOI) of $149,625, translating to a 6.00% cap rate. The asking price is $2,493,750, or $237.50 per square foot. The property benefits from a triple-net (NNN) lease, minimizing landlord responsibilities. The tenant, a nationally recognized and highly successful retailer, offers investment-grade stability and resilience against economic downturns and e-commerce competition. The property's strategic location enjoys high visibility and significant traffic volume, with a daily vehicle count exceeding 22,000 on the nearby MLK Pkwy and over 4,100 on N Canal St. This is a rare chance to acquire a high-performing, low-maintenance retail asset with a long-term lease, providing a secure and lucrative investment for years to come. The property is classified as a storefront retail space within Duval County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,724,601

  6.5%

  $2,515,016

  7%

  $2,335,372

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,758,412

  Geo Method

  $1,758,412

• Alternative Use

  Use

  Valuation

  Residential

  $2,121,510

  Hospitality

  $1,943,292

  Educational

  $1,616,796

  Medical

  $1,672,400

  Retail

  $2,515,016

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3571

Longitude

-81.6973

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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