11217 San Jose BlvdJacksonville, FL 32223

Property Details for 11217 San Jose Blvd

Year built

1991

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.95 AC

Property size (Sq ft)

14,531 SF

Zone code

CCG-1

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

156071-0010

APU

1560710010

Description

This exceptional investment opportunity presents a 14,356-square-foot daycare center in Jacksonville, Florida, leased to O2B Kids, a nationally accredited early childhood education provider with 59 locations across five states. The property sits on a 1.94-acre lot and features 74 parking spaces. Built in 1991 and renovated in 2020, the single-story building is situated in a high-growth area of Jacksonville. The absolute NNN lease boasts a remaining term of over 10.8 years, with four 5-year renewal options. Annual rent increases are the lesser of 1.25x CPI or 2.0%, ensuring consistent NOI growth. The current lease commenced December 18, 2020, and expires August 31, 2035. The property's Net Operating Income (NOI) is $302,709, resulting in a 6.25% cap rate. The asking price is $4,843,000, translating to a price per square foot of $337.35. The property is zoned CCG-1 and has a 100% occupancy rate since its occupancy date of December 18, 2020. This fee-simple ownership offers a secure, long-term investment with a strong corporate tenant and significant upside potential. The property's location in a thriving Jacksonville neighborhood, combined with the tenant's proven track record and expansion plans, makes this a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,445,757

  6.5%

  $2,257,622

  7%

  $2,096,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,136,491

  Geo Method

  $1,136,491

• Alternative Use

  Use

  Valuation

  Residential

  $2,863,889

  Hospitality

  $2,623,307

  Educational

  $2,182,560

  Medical

  $2,257,622

  Retail

  $3,395,094

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.1707

Longitude

-81.6286

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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