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5227 - 5239 Normandy Boulevard - Shoppes at Normandy Mall - Shoppes at Normandy Mall, Jacksonville, FL
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5227 - 5239 Normandy Boulevard - Shoppes at Normandy Mall - Shoppes at Normandy Mall
Jacksonville, FL 32205-4827 - Riverside Submarket
Existing , Renov 1992
2.72 AC (118,483 SF)
Total Space Avail:
Free Surface spaces are available; Ratio of 7/1,000 SF
Family Dollar Store
Out Parcel, Pylon Sign
Marcus & Millichap is pleased to offer the 100 percent fee simple interest in Shoppes at Normandy. The subject property is a 44,175 SF multi-tenant retail building offered well-below replacement cost at $90.55 per SF. Shoppes at Normandy is currently 85% leased, offering an investor the potential to add upside through the aggressive leasing of the remaining vacant suites. Stability is also provided through a majority of income stemming from national-credit tenants with long-term history and dedication to the subject.
Shoppes at Normandy is located on a major retail artery in Jacksonville, FL. The Normandy/Cassat/Lenox Charrette, one of the major projects planned through the $50-million dollar partnership between JTA and the City of Jacksonville, includes major redevelopment plans to improve the safety, mobility, and accessibility of the area's transportation and roadways. This includes improvements to streetscape facade, bus stops, crosswalks, pedestrian and bicycle infrastructure, and more. Additionally, planning is currently underway to improve shopping center access, improved concurrency between the subject and neighboring retail properties' parking lots, and more.
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Colliers International Northeast Florida
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