7 Brew Coffee | 3264 Gerona E dr
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7 Brew Coffee 3264 Gerona E dr
510 SF Retail Building Jacksonville, FL 32224 $3,684,004 CAD ($7,224 CAD/SF) 6.35% Cap Rate
Investment Highlights
- 15-Year Absolute NNN Lease to Rapidly Growing Coffee Chain
- Growing Florida Suburb with Ideal Demographics
- Trophy Location in a Dense Retail Corridor Minutes From the Atlantic Ocean
- New 2023 Construction Featuring Dual-Lane Drive Thru
Executive Summary
Trophy location along U.S. Route 90/Beach Boulevard, a major Florida east-west thoroughfare just minutes from the Atlantic Ocean (46,500 AADT)
Located directly in front of TownPlace Suites by Marriott (93 rooms) and adjacent to Hampton Inn & Suites (112 rooms), the site is ideally set to capture significant foot-traffic
Beneficial proximity to the Mayo Clinic Jacksonville (304 beds), the #1 ranked hospital in Florida by U.S News & World Report and one of Jacksonville’s largest employers and economic drivers ($4 billion contributed to local economy, supports 10,000+ jobs)
172,734 residents live within five miles of the property, creating an extremely large and stable customer base for the site
Excellent average household income of $138,499 within a one-mile radius
Across the street from a well-performing Targetanchored center, creating substantial traffic drivers for the property
Located directly in front of TownPlace Suites by Marriott (93 rooms) and adjacent to Hampton Inn & Suites (112 rooms), the site is ideally set to capture significant foot-traffic
Beneficial proximity to the Mayo Clinic Jacksonville (304 beds), the #1 ranked hospital in Florida by U.S News & World Report and one of Jacksonville’s largest employers and economic drivers ($4 billion contributed to local economy, supports 10,000+ jobs)
172,734 residents live within five miles of the property, creating an extremely large and stable customer base for the site
Excellent average household income of $138,499 within a one-mile radius
Across the street from a well-performing Targetanchored center, creating substantial traffic drivers for the property
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
510 SF
Building Class
B
Year Built
2023
Price
$3,684,004 CAD
Price Per SF
$7,224 CAD
Cap Rate
6.35%
NOI
$233,934 CAD
Tenancy
Single
Building Height
1 Story
Nearby Major Retailers
Contacts
-
Scott Crowle -
Jack Hinson -
Michael Yuras -
Vincent Aicale -
Ryan Forsyth -
Cushman & Wakefield
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7 Brew Coffee | 3264 Gerona E dr
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