8215 Dix Ellis TrlJacksonville, FL 32256

Property Details for 8215 Dix Ellis Trl

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.92 AC

Property size (Sq ft)

3,923 SF

Zone code

PUD

Property type

Retail properties

Property subtype

Turn key restaurants

APN

152683-0040

APU

1526830040

Description

This exceptional investment opportunity presents a fee-simple, single-tenant Cookies Cannabis dispensary in Jacksonville, FL. The 3,923 square foot property, built in 1980 and renovated in 2024, sits on a 0.92-acre lot at 8215 Dix Ellis Trail, 32256. Boasting a 10-year lease (commencing April 1, 2024, and expiring March 31, 2034) with two 5-year options, the property offers a strong 7.70% cap rate and a current NOI of $258,750. The lease includes 10% rent increases every five years. This prime location enjoys high visibility, adjacent to Interstate 95 (118,000+ vehicles daily) and Baymeadows Road (64,500+ vehicles daily), near major retailers like Publix, Lowe's, and BJ's Wholesale. The area also benefits from the proximity of Florida State College at Jacksonville (35,000 students) and approximately 8,000 housing units within a 3-mile radius. The asking price is $3,360,000. This is a rare opportunity to acquire a high-performing, established cannabis dispensary with significant long-term growth potential. The property is 100% occupied and offers a secure, passive income stream.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2203

Longitude

-81.5731

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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