9041 Southside Blvd - Storefront FOR SALE


Jacksonville, FL 32256
$11,870,000 USD
404-832-1251
9041 Southside Blvd, Jacksonville, FL for Sale
$11,870,000 USD
Storefront - FOR SALE
1/4
null | 6.5% Cap Rate

9041 Southside Blvd
Jacksonville, FL 32256


HIGHLIGHTS

  • 36,870 SF Convenience Retail Center Shadow Anchored by Market Leading Retailers Target, Home Depot, Academy Sports, Aldi and HomeGoods
  • Strong NOI Growth Opportunity
  • Densely Populated Jacksonville Submarket: 163,000+ residents within 5 miles of the property
  • Highly Visible Property: 48,500 VPD on Southside Blvd
  • Jacksonville Had the 4th Largest Population Gain of Any City Last Year
  • Major Office Submarket: 21M SF of office space within 5 miles

OVERVIEW

Southside Square is a 36,870 SF retail center that is shadow anchored by Target, Home Depot, Academy Sports, Aldi, and Home Goods. The entire development attracts 3.1M annual visits, benefiting all the retailers from cross shopping. The center is comprised of national tenants Pet Supermarket, Five Below, Lenscrafters, and My Salon Suites, while also servicing local service retailers. The retail corridor is home to The Avenues a multi-level shopping center offering more than 1.1 million square-feet of shopping, The Avenues is home to four major department stores including Belk, Dillard’s, Forever 21, and JCPenney, plus more than 150 of the most exciting stores in Northeast Florida. Retailers include Aerie, Aldo, Build-A-Bear Workshop, Foot Locker, Finish Line, H&M, Journey's, LOFT, MAC Cosmetics, Victoria's Secret, and more. Power centers driving additional traffic to the surrounding area are home to Petsmart, Home Depot, Best Buy, Urban Air, and Walmart. The Southside Square rent roll benefits from strong rental increases throughout the initial and option lease periods allowing for strong hedge against inflation. Many leases are $5-10 PSF under market for current rental rates, which allows a future owner the opportunity to see significant NOI growth over the hold period.

FOR SALE DETAILS

PRICE

$11,870,000 USD

PRICE/SF

$322 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southside Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

113

LAND DETAILS

LAND ACRES

2.68 AC

LAND SF

116,741 SF

ZONING

PUD,County

APN/PARCEL ID

149208-7021,149208-7023,149208-7024

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.