Overview
Franklin Street is pleased to present the opportunity to acquire a newly renovated, single-tenant retail asset leased to Jungle Boys, one of the most highly regarded cannabis operators in Florida. Located on University Boulevard, one of Jacksonville’s most heavily trafficked corridors (±50,000 VPD), this property offers exceptional visibility and accessibility within a dense retail corridor. The lease structure is a brand-new 10-year Absolute NNN lease with zero landlord responsibilities, backed by a top-performing tenant. This offering delivers a truly passive, long-term investment with a best-in-class operator in a prime urban location.
Investment Highlights
FINANCING AVAILABLE!
- Up to 70% LTV
- Interest Rate: 6.45% - 6.95%
- Term: 5 / 25
- Interest only up to 12 months
- New 10-Year Absolute NNN Lease – No landlord responsibilities; tenant handles all taxes, insurance, and maintenance.
- Jungle Boys – Top Performing Operator – Among the most respected cannabis brands in Florida
- Fully Renovated in 2024 – Modern Class A dispensary with high-end finishes and infrastructure.
- High Traffic Location – Situated directly on University Blvd W with ±50,000 vehicles per day.
- Dense Retail Corridor – Surrounded by major national retailers including Chick-fil-A, Chipotle, and McDonald’s.
- Strong Demographics – Over 166,000 residents within a 5-mile radius and average household incomes exceeding $88,000.
- Attractive Pricing – Offered at a 7.00% cap rate with projected NOI of $180,000 annually.
- Prime Real Estate Fundamentals – 0.57-acre lot with 4,340 SF building and strong underlying land value in a growing submarket.
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