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.