3749 Crown Point RdJacksonville, FL 32257

Property Details for 3749 Crown Point Rd

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Property size (Sq ft)

4,646 SF

Zone code

CO

Property type

Day care centers & nurseries

APN

148994-0850

APU

1489940850

Description

This exceptional investment opportunity presents a 4,646 square foot daycare center in Jacksonville, Florida, currently leased under an Absolute NNN lease with zero landlord responsibilities. The property boasts a below-market rent, significantly enhancing its investment appeal. Located on Crown Point Road, near San Jose Boulevard (experiencing over 44,500 vehicles daily), the daycare benefits from high visibility and convenient access. The tenant recently exercised their option to renew the lease in 2021, demonstrating commitment and stability. Situated in a thriving submarket with a high concentration of dual-income households, the property enjoys a strong demographic profile. Within a six-mile radius, there are over 200,398 people. The property's proximity to major retailers like Publix, Target, Walmart, and CVS further enhances its desirability. The investment is further strengthened by Florida's tax-advantaged environment. The daycare center is part of a rapidly growing industry, with the US childcare market projected to reach $73 billion by 2030. This property offers a compelling combination of strong tenant occupancy, favorable location, and significant growth potential within a tax-advantaged state. The asking price is $850,000, representing a price per square foot of $183 and a 7.65% cap rate. The lease has 1.5 years remaining. The building was constructed in 1980.

• CAP approach

  CAP return

  Valuation

  6%

  $787,991

  6.5%

  $727,376

  7%

  $675,421

• Comparable approach

  Method

  Valuation

  Relative Method

  $363,371

  Geo Method

  $363,371

• Alternative Use

  Use

  Valuation

  Residential

  $922,707

  Hospitality

  $845,195

  Educational

  $703,192

  Medical

  $727,376

  Retail

  $1,093,855

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.1945

Longitude

-81.6186

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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