1584 Normandy Village Pky - Retail FOR SALE
Jacksonville, FL 32221 |
1584 Normandy Village Pky
Jacksonville, FL 32221
HIGHLIGHTS
- Significant Value-Add Opportunity: Average on-site rent of $14.73 PSF, while market rents exceed $26 PSF (per Costar).
- Attractive Returns: Fully occupied “Medtail” offering at a 7.70% CAP rate with a day 1 cash-on-cash return of 7.61% at asking price.
- Proven Tenancy Track Record: Over 78% of the GLA has been occupied at this location since 2012 or earlier, demonstrating strong tenant “stickiness”.
- Attractive Lease Structures: All leases are fully Triple Net (NNN), resulting in minimal landlord responsibilities.
- High-Growth Area: The Jacksonville, FL MSA is among the fastest-growing nationwide, with a population projected to exceed 2 million by 2035.
- Strategically Located: Positioned in a densely populated area with 76,173 residents within a 3-mile radius.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Normandy Village Medtail - Jacksonville, FL
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Storefront Retail/Office
TOTAL BUILDING SIZE
23813
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
216
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
007628-3800
