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9760 San Jose Blvd
2,536 SF Retail Building Jacksonville, FL 32257 $1,999,000 ($788/SF) 6.37% Cap Rate
Investment Highlights
- Corporate Guarantee
- 7.5 Years Remaining on the Lease
- Great Location
- Absolute NNN - No Landlord Responsibilities
- 2% Rent Increase Annually
- Strong Demographics
Executive Summary
• The lease is corporate guaranteed by Curaleaf Holdings, Inc., the world’s largest cannabis company by revenue
• 7.5 -years remaining on the lease with 2 (5-year) options to extend, demonstrating their longterm commitment to the site
• The lease features 2% annual rental increases, growing NOI and hedging against inflation
NNN Lease | Fee-Simple Ownership | Zero Landlord Responsibilities
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Investor benefits from fee-simple ownership of the building and land
• Ideal, low-management investment for a passive investor in a state with no state income tax
Fronting Primary Thoroughfare | Great New Location | Near Interstate 295 | Excellent Visibility & Access
• Subject property is strategically located on San Jose Boulevard, a primary retail and commuter thoroughfare averaging 62,000 passing by daily
• Great new location that was recently renovated in 2020
• Nearby national/credit tenants include Big Lots, Ace Hardware, Outback Steakhouse, Fifth Third Bank, CVS, McDonald’s and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site
• Less than 2 miles north of Interstate 295 (163,000 VPD)
Strong Demographics in 5-mile Trade Area | Population Growth
• More than 140,000 residents and 93,000 employees support the trade area
• Features an average household income of $76,363
• Jacksonville’s population grew by 10.9% to 911,507, with 89,757 new residents over the past decade
Property Facts
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Waterfront
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Manufacturing
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Providing patients with quality cannabis for health and wellness has been the focus for Curaleaf for the last decade. Along the way, they've learned exactly how to cultivate the cleanest, purest cannabis strains from hand-grown, healthy and happy plants. While cannabis flower is a marvel, they believe that cannabis isn’t one-size-fits all. So, in addition to offering fresh cured flower, they also craft quality, lab-tested cannabis products, which are available in multiple product formats. Lots of dispensaries just focus on cannabis. At Curaleaf, they focus on your relationship with cannabis. They value your history with it—or lack thereof—and your feelings towards this ancient plant that’s brought us together. Set up a private consultation or just come in to learn more - you can ask them anything.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Manufacturing | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 148968-0000 | Improvements Assessment | $426,750 |
| Land Assessment | $316,250 | Total Assessment | $743,000 |
PROPERTY TAXES
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9760 San Jose Blvd
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