Cookies Cannabis Dispensary 8215 Dix Ellis Trl 3,923 SF Retail Building Jacksonville, FL 32256 $3,360,000 ($856.49/SF) 7.70% Cap Rate
INVESTMENT HIGHLIGHTS
- High Visibility: Property is a stone’s throw from I-95, the primary thoroughfare along Florida’s east coast and home to 118,000 vehicles per day.
- Leading Retailers: Cookies enjoys proximity to some of the nation’s leading retailers such as Publix, Lowe’s, BJ’s Wholesale, and more.
- Built-In Population: Within three miles of the subject property, there are 28 multifamily housing complexes with nearly 8,000 units.
EXECUTIVE SUMMARY
STNL.com is pleased to present this 100% fee simple single-tenant Cookies cannabis dispensary in Jacksonville, FL. This 3,923/SF triple net property is conveniently located adjacent to Interstate 95, the primary thoroughfarealong Florida’s East Coast, which boasts over 118,000 vehicles per day. Connecting you to I-95 is Baymeadows Road, which garners over 64,500 vehicles per day and is also the home of national tenants such Publix, Lowe’s, BJ’s Wholesale and many more. Furthermore, along Baymeadows Rd the presence of Florida State College at Jacksonville, home to 35,000 students. The presence of this college has led to the surrounding development of numerous housing complexes, totaling nearly 8,000 units within 3-miles.
The initial term on this single tenant offering is 10-years in length and runs through March of 2034. The lease also calls for ten percent (10%) rental increases every five years including through the option periods. Through the balance of the lease the owner will enjoy a 7.77% blended CAP rate. This property can be acquired for $3,495,000.
The initial term on this single tenant offering is 10-years in length and runs through March of 2034. The lease also calls for ten percent (10%) rental increases every five years including through the option periods. Through the balance of the lease the owner will enjoy a 7.77% blended CAP rate. This property can be acquired for $3,495,000.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,923 SF
Building Class
C
Year Built
1980
Price
$3,360,000
Price Per SF
$856.49
Cap Rate
7.70%
NOI
$258,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.92 AC
Zoning
PUD
Parking
60 Spaces (15.29 Spaces per 1,000 SF Leased)
Frontage
246’ on Dix Ellis Trl
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 152683-0040 | Improvements Assessment | $420,560 |
| Land Assessment | $436,040 | Total Assessment | $856,600 |
