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3505 University Blvd W
Jacksonville, FL 32217 Southside

$3,600,000 USD

Drugstore For Sale  •  13,840 SF

Property Details

• Property Type Drugstore
• Total Building Size 13,905 SF
• Lot Size 1.53 AC
• Building Class B
• Year Built 1996
• Tenancy Single
• Zoning CCG-1

38 Transit Score

67 Walk Score

Highlights

Beginning September 1, 2026, Walgreens’ rent adjusts to $18.12/psf, below current market retail rents of $20–22/psf.

In 2025, Walgreens waived its 2026 and 2031 termination options, extending the lease expiration to July 31, 2036.

Walgreens’ first option period in 2036 includes a rental escalation of 21%.

Located in Jacksonville’s San Marco submarket, with a 3.5% retail vacancy rate, nearly one percentage point below the national average of 4.3%.

Frontage on University Blvd. (28.5 VPD) and St. Augustine Rd. (16.3K VPD), positioned under 1 mile from the I-95 (171K VPD) ingress/egress.

Located directly across the street from CVS, making this a strategic location for both CVS and Walgreens.

Amenities

• Pylon Sign
• Signalized Intersection
• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Jacksonville International	34 min	-	21.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	55
Type:	Surface
Included in Rent:	Yes