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3655 University Blvd W
Jacksonville, FL 32217
Riverwood Bldg · Retail Property For Sale
Investment Highlights
- Brand New Renovation - Property recently underwent a complete renovation, with the store opening on March 27, 2025.
- Scheduled Rent Increases - 10% increase in Year 6 and 10% increases at each renewal option.
- Established Cannabis Operator - Jungle Boys operates 15 locations and continues to expand its Florida footprint.
- Absolute NNN Lease Structure - Tenant responsible for all expenses, including taxes, insurance, CAM, roof, and structure.
- Three (3) Five-Year Renewal Options - Provides long-term income stability and occupancy flexibility.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,340 SF
Building Class
C
Year Built/Renovated
2003/2025
Price
$3,562,770 CAD
Price Per SF
$820.91 CAD
Cap Rate
7%
NOI
$249,394 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.57 AC
Zoning
CCG-1 - CCG-1
Parking
24 Spaces (5.53 Spaces per 1,000 SF Leased)
Frontage
66’ on University Blvd W
Property Taxes
| Parcel Number | 152617-0100 | Improvements Assessment | $441,103 CAD |
| Land Assessment | $577,780 CAD | Total Assessment | $1,018,883 CAD |
Property Taxes
Parcel Number
152617-0100
Land Assessment
$577,780 CAD
Improvements Assessment
$441,103 CAD
Total Assessment
$1,018,883 CAD
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