8661-8665 Old Kings Road South - Retail FOR SALE


Jacksonville, FL 32217- Southpoint
$12,750,000 USD
904-404-4455
8661-8665 Old Kings Road South, Jacksonville, FL for Sale
$12,750,000 USD
Retail - FOR SALE
1/14
null | Request Cap Rate

8661-8665 Old Kings Road South
Jacksonville, FL 32217
Southpoint


HIGHLIGHTS

  • ALDI TO REMODEL EXISTING WINN-DIXIE SPACE Beginning February 2025, the 42,240 SF Winn Dixie anchor will be converted into an ALDI.
  • HIGH Barrier INFILL LOCATION Located on the corner of Baymeadows Road (39,500 AADT) and Old Kings Road (15,500 AADT.
  • STABLE CASH FLOW WITH UPSIDE The Property is currently 100% occupied, providing a stable cash flow for investors.
  • E-COMMERCE RESISTANT RENT ROLL The property has a diversified roster of tenants from a variety of industries.
  • FAST GROWING MAJOR METRO IN FLORIDA WITH NO STATE INCOME TAX This offering provides the opportunity to invest in the Jacksonville, FL MSA

OVERVIEW

NAI Hallmark, as exclusive advisor, is privileged to present the opportunity to acquire Brierwood Village Plaza, located at 8661-8775 Old Kings Rd S, Jacksonville, Florida (the “Property”). The Property consists of a fully leased multi-tenanted, grocery-anchored retail center totaling 125,857 square feet, an Elliano’s Coffee ground lease, and multiple undeveloped outparcels. Brierwood Village Plaza’s Winn Dixie anchor was recently selected to be converted to an Aldi (renovations to commence in February 2025). Aldi’s introduction to Brierwood Village will provide a tremendous increase in value and draw a larger, more diverse consumer base. With many current tenants paying below market rent, there is a significant value-add opportunity to increase rent dramatically over time. The shopping center also contains multiple undeveloped outparcels, providing the ability to add value with additional ground leases or the sale of these outparcels.

FOR SALE DETAILS

PRICE

$12,750,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brierwood Village Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.78 AC

LAND SF

600,257 SF

ZONING

CCG-1

APN/PARCEL ID

148109-1000

ASK ABOUT THIS PROPERTY

904-404-4455

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904-404-4455

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