2011 Emerson St.
Closed2011 Emerson St, Jacksonville, FL 32207
$575,0005 units1,704 SF
Retail1985
Property type
Retail
Unit / Space count
5
Price
$575,000
Building size
1,704 sf
Rentable area
1,704 SF
Year built
1985
Year renovated
Property class
C
Occupancy
Zoning code
Lot size
0.22 Acres
Sold/status
2026-05-19
Sale price
$575000
Property description
This property presents an ideal opportunity for investors seeking stable, passive income with built-in rent growth. The near-NNN lease structure reduces ownership responsibilities while providing predictable cash flow. Annual rent escalations and a renewal option further enhance long-term income security and upside potential. At a price point of $575,000, this offering is attractive to both private and entry-level net-lease investors looking to diversify into single-tenant retail.
Property highlights
- 8.35% cap rate with in-place income
- New 5-year lease term (2025–2030)
- 5% annual rent increases beginning in 2027
- Near-NNN lease structure (tenant responsible for maintenance, repairs & insurance)
- Current rent: $4,000/month ($48,000 annually)
- Freestanding ±1,348 SF retail building
- Corner lot at signalized intersection
- Strong visibility and accessibility
- Located within established commercial corridor
- Surrounded by residential and industrial density