3460 Royal Pines Drive - Storefront FOR SALE


Middleburg, FL 32068
$4,400,000 USD
404-832-1251
3460 Royal Pines Drive, Middleburg, FL for Sale
$4,400,000 USD
Storefront - FOR SALE
1/6
null | 6.31% Cap Rate

3460 Royal Pines Drive
Middleburg, FL 32068


HIGHLIGHTS

  • Amazon-Resistant Tenant Lineup: Pizza Hut, Roderick's Karate, Encore Nails
  • Part of the Oakleaf Plantation Master Planned Community: 11,000+ Residential Units
  • Long-Term Leases In Place With Scheduled Rental Increases
  • Across The Street From a Strong Performing Publix ($40M+)
  • Upgraded Architecture Elements That Limit Long-Term Maintenance Expenses: 20-Year Roof Warranty and Full Concrete Parking Lots
  • Affluent Jacksonville Suburb: $120,000+ Household Incomes

OVERVIEW

Franklin Street is pleased to present Royal Pines Shopping Center in Middleburg, Florida, a Jacksonville suburb. Jacksonville is the 10th most populous city in the United States and the MSA is made up of 1.7M residents. The center is located within the Oakleaf Plantation master planned community. The shopping center consists of three separate buildings made up of Amazon-resistant and family-friendly tenants that service the community. Anchoring the intersection with Royal Pines Shopping Center is a very strong performing Publix-anchored center and a soon-to-be-built HCA Healthcare medical facility. Additional retailers driving traffic to the intersection include Daybreak Market, McDonald's, Heartland Dental, LUV Car Wash, and soon-to-be-built Dollar Tree and Waffle House locations. The location is surrounded by affluent neighborhoods and a population that is rapidly growing (12% growth expected over next 5 years). The property has three access points to the center, including one off Oakleaf Plantation Pkwy and two off Royal Pines Drive. The Pizza Hut location is operated and guaranteed by Flynn Restaurant Group, the largest franchise operator in the country with 2,600+ locations.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$733 USD /SF

CAP RATE

6.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Pines Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

PUD

APN/PARCEL ID

07-04-25-007869-001-08

ASK ABOUT THIS PROPERTY

Bryan BelkFranklin Street Real Estate ServicesMore Info
404-832-1251

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Bryan BelkFranklin Street Real Estate ServicesMore Info
404-832-1251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.