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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

(658.2 KB)

Property Type:Retail Sub Type:Freestanding Status:Existing , Renov 1992 Year Built:1970
Building Size:44,175 SF Land Area:2.72 AC (118,483 SF)
Smallest Space:1,320 SF Largest Space:5,243 SF Total Space Avail:6,563 SF Rent/SF/Yr:
$10.00
Parking:Free Surface spaces are available; Ratio of 7/1,000 SF Anchor Tenants:Family Dollar Store
Features:Out Parcel, Pylon Sign


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,319 SF
$10.00/SF/Yr
Vacant
3-5 yrs
Retail
 1st
2,924 SF
$10.00/SF/Yr
Vacant
1-5 yrs
Retail
 1st
1,320 SF
$10.00/SF/Yr
Vacant
Negotiable
Retail
 
2901287
5658089
10319862
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,319 SF
$10.00/SF/Yr
Vacant
3-5 yrs
Retail
1st
2,924 SF
$10.00/SF/Yr
Vacant
1-5 yrs
Retail
1st
1,320 SF
$10.00/SF/Yr
Vacant
Negotiable
Retail

Sale Notes:
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.


Colliers International Northeast Florida
Jason Ryals
(904) 861-1136



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