PeopleReady — Sale in Jacksonville, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Jacksonville, FL 32254

Photos

PeopleReady — Sale in Jacksonville, FL, photo 1 of 2
PeopleReady — Sale in Jacksonville, FL, photo 2 of 2

Investment Figures

Cap rate
6.13%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The PeopleReady property located at 670 Edgewood Avenue N in Jacksonville, Florida presents an attractive opportunity to acquire a single-tenant net-leased asset occupied by PeopleReady, Inc., a subsidiary of publicly traded TrueBlue, Inc. (NYSE: TBI). The property is offered at $825,000, representing a 6.13% capitalization rate, with current annual base rent of $51,374. PeopleReady recently exercised a five-year lease renewal, demonstrating continued commitment to the location, with 3% annual rent increases providing investors with predictable income growth and a hedge against inflation. The lease is structured as a Modified NNN (Double Net) lease, with the landlord primarily responsible for roof, structure, and capital items, limiting ownership responsibilities and providing relatively passive cash flow. The property consists of approximately 2,263 square feet on 0.65 acres and benefits from a highly visible location along Edgewood Avenue with convenient connectivity to Jacksonville's major transportation corridors. PeopleReady continues to actively operate its Jacksonville branch from this location, and the company maintains a national platform of 400+ local branches and service teams across all 50 states, providing staffing solutions to more than 54,000 businesses annually. With contractual annual rent growth, an established national tenant, limited landlord responsibilities, and an additional five-year renewal option, the offering provides investors an opportunity to acquire a manageable single-tenant asset with increasing contractual income in the Jacksonville market Investment Highlights: • 5-Year Lease Renewal Recently Exercised by Tenant | Demonstrates Long-Term Commitment to the Location • 3% Annual Rent Increases Provide Predictable, Growing Income Stream • National Tenant | PeopleReady is Subsidiary of TrueBlue, Inc. (NYSE:TBI) a Leading Workforce Solutions Provider

Market Context

This retail in Jacksonville, FL is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Jacksonville, FL — view the full market.

As of Q1 2026, the Jacksonville retail market showed a 5.1% vacancy rate, average asking rents near $26.08/SF/yr, and rents up 1.7% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Jacksonville retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).

Estimated Price per SF

$44.01/SF – $320.06/SF

Mid: $133.36/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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