3655 University Blvd W - Freestanding FOR SALE


Jacksonville, FL 32217- Southside
$2,575,000 USD
561-312-9364
3655 University Blvd W, Jacksonville, FL for Sale
$2,575,000 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

3655 University Blvd W
Jacksonville, FL 32217
Southside


HIGHLIGHTS

  • Brand New Renovation - Property recently underwent a complete renovation, with the store opening on March 27, 2025.
  • Absolute NNN Lease Structure - Tenant responsible for all expenses, including taxes, insurance, CAM, roof, and structure.
  • Scheduled Rent Increases - 10% increase in Year 6 and 10% increases at each renewal option.
  • Three (3) Five-Year Renewal Options - Provides long-term income stability and occupancy flexibility.
  • Established Cannabis Operator - Jungle Boys operates 15 locations and continues to expand its Florida footprint.

OVERVIEW

Jungle Boys Jacksonville is a newly renovated, single-tenant retail asset located at 3655 University Blvd W in Jacksonville, Florida. The property is 4,340 square feet and is leased to Jungle Boys through 2035 with 3x5 year Options. Jungle Boys is Florida's leading cannabis dispensary operator with 15 locations and growing in select markets. The tenant commenced rent and opened for business in March 2025, following a complete renovation of the property. This is an Absolute NNN Lease, which provides passive ownership with the tenant responsible for all property operating expenses, including taxes, insurance, CAM, roof, & structure. Positioned along University Blvd W with convenient access to Interstate 95, the property benefits from strong visibility and is surrounded by numerous national retailers, including Publix, Chick-fil-A, McDonald's, Chipotle, PNC Bank, LA Fitness, TJ Maxx, and Bealls.

FOR SALE DETAILS

PRICE

$2,575,000 USD

PRICE/SF

$593 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverwood Bldg

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

CCG-1

APN/PARCEL ID

152617-0100

ASK ABOUT THIS PROPERTY

Justin WalkerColliersMore Info
561-312-9364

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Justin WalkerColliersMore Info
561-312-9364

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.