4818 Wesconnett BlvdJacksonville, FL 32210

Property Details for 4818 Wesconnett Blvd

Year built

1957

Lot size

1.12 AC

Property size (Sq ft)

1,790 SF

Zone code

CCG-2

Property type

Land

Property subtype

Commercial land

APN

097630-0000

APU

976300000

Description

This exceptional investment opportunity presents a 300,128 square foot parking facility in Jacksonville, Florida, leased to Amazon under a triple-net (NN+) lease with a corporate guarantee. The 8.7-year lease, commencing August 1, 2022, and expiring April 30, 2031, includes a 2% annual rent increase, providing a hedge against inflation. The property boasts a 5.35% cap rate and a current NOI of $380,845, with 100% occupancy. Situated on a 6.89-acre lot at 4818 Wesconnett Blvd (32210), this property benefits from its high-traffic location on Wesconnett and Blanding Boulevards, offering easy access to major thoroughfares including I-10 and I-295. Its strategic location near Downtown Jacksonville, within a mixed-use development, and surrounded by residential communities, ensures strong demand. The area's dense population (173,037 within a five-mile radius) and average annual household income of $67,787 (projected 13% increase by 2026) further enhance its investment potential. The property's proximity to Jacksonville Naval Air Station, a major employer, and numerous national and local retailers, adds to its appeal. Its ideal location, 12 miles from the Jacksonville Port Authority and near Orange Park Medical Center and Webster University-Graduate, solidifies its position in a thriving market. This is a rare opportunity to acquire a high-performing asset with a strong tenant and significant long-term growth potential. The property was built in 2022.

• Alternative Use

  Use

  Valuation

  Residential

  $442,452

  Hospitality

  $405,283

  Educational

  $337,191

  Medical

  $348,788

  Retail

  $524,519

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2546

Longitude

-81.7405

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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