ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Jacksonville Retail Center – Jacksonville, FL – NNN Leases

11200 San Jose Boulevard

Asking Price: $6,206,569
Cap Rate: 6.50%

PROPERTY HIGHLIGHTS

  • Easily accessible retail location: The Property is strategically positioned on San Jose Boulevard within a busy retail corridor on the edge of an extensive residential area in southern Jacksonville. The Property is across from Riverplace Shopping Center—anchored by Cost Plus World Market, Michaels, Petco, Sears Outlet, Staples, Stein Mart, and TJ Maxx—and is less than one (1) mile from Mandarin Corners Shopping Center.
  • Prime retail location: The Property is located in the southern portion of Jacksonville, strategically positioned along the busy stretch of San Jose Boulevard that offers close proximity to West Beltway 295. The Property is only 18 miles south of Downtown Jacksonville, and sits amongst a dense trade area.
  • Close proximity to the cultural and commercial center of North Florida: Due to its convenient location, mild climate, reasonable cost of living, high quality of life, and pro-business environment, Jacksonville is a popular destination for corporate expansion and relocation. Its status an an inter-modal transportation hub is a major incentive, and the city is also a major distribution center.
  • Quality long-term lease: Constructed in 2016, the Property is 100 percent leased to Mattress Firm, Pei Wei, and The Vitamin Shoppe, all operating under 10-year leases with minimal landlord responsibilities, all which are subject to reimbursement.
  • There are no features available

$6,206,569

9,257 SF

Price:

$6,206,569

Cap Rate:

6.50%

Property Type:

Retail

Building Size:

9,257 SF

Acres Property Use:

1.14 AC

Current NOI:

$403,427

Lease Type:

NNN Leases

Remaining Term:

9 Years

Status:

Under LOI

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Brett Sheldon

(919) 391-9903

Download Offering Memorandum
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