1311 S Jackson St - Storefront FOR SALE


Jacksonville, TX 75766
$2,250,000 USD
972-755-5225
1311 S Jackson St, Jacksonville, TX for Sale
$2,250,000 USD
Storefront - FOR SALE
1/14
null | 7.25% Cap Rate

1311 S Jackson St
Jacksonville, TX 75766


HIGHLIGHTS

  • 16,320-Square-Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Walmart Supercenter | High Traffic Driver, Hosting 2.4 Million Visits Annually (Source: Placer.ai)
  • Tenant Base is a Complementary Mix of Businesses | Anchored by a Long-Term Lease with CATO (24+ Years) and a New Lease with Dynamis Athletics
  • Current Average Rents are Below Market
  • Building has a Metal Roof

OVERVIEW

Marcus & Millichap is pleased to offer the opportunity to acquire a 16,320-square-foot, multi-tenant retail center located in Jacksonville, Texas. Jacksonville Plaza is currently 100 percent leased, and all leases are on triple-net terms. Anchored by Cato, the tenant base is a complementary mix of largely internet-resistant and service-oriented businesses including 365 Smoke & Vape Shop, Dental Zone, Dynamis Athletics, and Ashroq Financial. The building has a metal roof and is positioned on a 1.1-acre parcel with ample paved parking. Jacksonville Plaza is located on South Jackson Street (Highway 69), the major north-south thoroughfare of the city. The subject property is easily accessible from multiple ingress and egress points. Traffic counts in front of the property exceed 20,367 vehicles per day. Jacksonville Plaza is shadow-anchored by Walmart Supercenter, driving approximately 2.4 million visits annually. Numerous other national and regional retailers are in the area, including Verizon, Chili's Grill & Bar, Jersey Mike's Subs, Great Clips, Take 5 Oil Change, Cricket Wireless, Subway, Scooter's Coffee, Sonic Drive-In, AT&T, Super 1 Foods, Dollar Tree, Tractor Supply Co., AutoZone Auto Parts, Pizza Hut, Schlotzky's, Chicken Express, Harbor Freight, Atwoods, and many more. National hotel chains in close proximity include Best Western, Holiday Inn, La Quinta Inn & Suites, and Executive Inn. The population exceeds 21,643 residents within a five-mile radius.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$16 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jacksonville Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

3.14 AC

LAND SF

136,741 SF

ZONING

Commercial

APN/PARCEL ID

000107914140

ASK ABOUT THIS PROPERTY

Philip LevyMarcus & MillichapMore Info
972-755-5225

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Philip LevyMarcus & MillichapMore Info
972-755-5225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.