HIGHLIGHTS
- The asset is currently 94.6% occupied by a mix of restaurants, boutique stores, event venues, and convenience stores
- The center is currently occupied by 10 tenants with one vacancy. The current tenants all have NNN leases, fully reimbursing for CAM
- The asset has 3.25 Weighted Average Lease Term (WALT) remaining, granting the opportunity to cash flow while re-leasing the spaces at market rents
- The asset is located on the corner of Bowden Road and Salisbury Road with an AADT of 20,200
- The center is located in Jacksonville, FL, the 4th Fastest Growing City in the United States (US Census 2024)
- Center includes an outparcel currently leased to Thai Spice Kitchen
FOR SALE DETAILS
PRICE
$4,888,933 USD
PRICE/SF
$285 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Southpoint Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Convenience Store, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
1.71 AC
LAND SF
74,488 SF
ZONING
PUD
APN/PARCEL ID
152571-0000
ASK ABOUT THIS PROPERTY
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727-452-6864
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Please correct the highlighted field(s).
727-452-6864
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