3264 Gerona DrJacksonville, FL 32224

Property Details for 3264 Gerona Dr

Year built

2023

Lot size

0.51 AC

Property size (Sq ft)

510 SF

Zone code

CCG-1

Property type

Retail properties

Property subtype

Drive through restaurants

APN

166629-0010

APU

1666290010

Description

This exceptional investment opportunity presents a 510-square-foot, newly constructed (2023) 7 Brew Coffee shop located at 3264 Gerona Dr E, Jacksonville, FL 32224. The property sits on a 0.51-acre lot and benefits from a 15-year absolute NNN lease (commencing January 1, 2023, and expiring December 31, 2037) with annual rent increases. The tenant, 7Venture Inc., an affiliate of K-Mac Enterprises, is a rapidly expanding QSR operator with a proven track record and plans for significant future growth. This single-tenant property boasts a strong net operating income (NOI) of $165,000, resulting in a compelling 6.35% cap rate. The property enjoys a prime location on a major thoroughfare (U.S. Route 90/Beach Boulevard) with a high average daily traffic count of 46,500. Its strategic placement near hotels (TownPlace Suites by Marriott and Hampton Inn & Suites), the Mayo Clinic Jacksonville, and a Target-anchored center ensures high visibility and substantial foot traffic. The surrounding area boasts a large and affluent population (172,734 residents within five miles, with an average household income of $138,499 within one mile), providing a stable customer base. This is an ideal investment for passive investors seeking a low-management, high-return opportunity with built-in growth potential. The asking price is $2,599,000.

• CAP approach

  CAP return

  Valuation

  6%

  $137,460

  6.5%

  $126,886

  7%

  $117,823

• Comparable approach

  Method

  Valuation

  Relative Method

  $87,406

  Geo Method

  $87,406

• Alternative Use

  Use

  Valuation

  Residential

  $107,033

  Hospitality

  $98,042

  Educational

  $81,570

  Medical

  $84,375

  Retail

  $126,886

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2883

Longitude

-81.456

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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