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31874943
31874938

3655 University Blvd W, Jacksonville, FL 32217

DM
FL SL3500133
Franklin Street
Listed by Franklin Street
$2,575,000
325 days on market
Updated 26 days ago

Jungle Boys

Details
Property Type Retail
Sub Type QSR/Fast Food, Pharmacy/Drug (+1)
Square Footage 4,340
Net Rentable (SqFt) 4,340
Cap Rate 7.00%
NOI $180,000
Occupancy 100%
Tenancy Single
Brand/Tenant Jungle Boys
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 05/30/2035
Remaining Term 9.1
Rent Bumps Yes
Lease Options 3 x 5 Yr
Price per SqFt $592
Broker Co-Op Yes
Class A
Year Built 2003
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.570
Zoning Commercial
Parking Spaces 18 spaces
Parking Per SqFt 4.15
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/16/2025
Occupancy Date 03/16/2025
Ground Lease No
Ownership Private

Financing Available | 50k+ VPD

Marketing description

Located on one of Jacksonville’s busiest thoroughfares, this brand-new Jungle Boys dispensary offers investors a rare opportunity to acquire a top-performing cannabis asset with a long-term, passive income stream. Positioned along University Blvd W, the property benefits from tremendous visibility, strong demographics, and proximity to major national retailers. As cannabis retail continues to expand in Florida, this offering combines credit tenancy, prime frontage, and minimal landlord responsibility — all in one of Jacksonville’s most high-traffic corridors.

Jacksonville, Florida, is the largest city by land area in the continental U.S. and a key economic hub in the Southeast. Located in Northeast Florida along the Atlantic coast, Jacksonville boasts a diverse economy driven by healthcare, logistics, financial services, and the military. The city is home to a major port, several Fortune 500 companies, and a growing tech and innovation scene. Its strong population growth, business-friendly environment, and affordable cost of living continue to attract both residents and investors. With miles of beaches, a vibrant downtown, and a growing number of cultural and entertainment options, Jacksonville offers a balanced mix of urban opportunity and coastal lifestyle.

Investment highlights

  • Brand New Renovation: Jungle Boys just opened for business at the end of March of this year (3/27/25)
  • Absolute NNN Retail Property: New 10 Year ABS NNN Lease structure with zero landlord responsibilities
  • Top-Tier Operator: Jungle Boys is regarded as one of Florida’s premier cannabis dispensary brands and strategically growing
  • Prime Retail Location: Positioned directly on University Blvd monument signage and surrounded by National Brands and Retailers like Chick-Fil-A, Chipotle, McDonald’s, and other national brands
  • Strong Demographics: Over 166,000 residents within a 5-mile radius with average household income exceeding $88,000 and Over 70,000 Households within a 5-mile radius
  • Great Access | High VPD: W University Blvd sees over ~50,000 VPD and Property offers both left turn and right turn into parking lot, and near a lighted intersection

Listing Contacts

DM
FL SL3500133
Franklin Street
Listed by Franklin Street

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

0
DSCR
6.99%
Cap Rate
6.99%
ROI

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Additional Information

Name
Dylan Morse
License
SL3500133
Brokerage
Franklin Street
Brokerage Phone
9548207455
Title
Senior Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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