10320 Shops Ln
58,063 SF 100% Leased Retail Building Jacksonville, FL 32258 $8,975,715 ($155/SF) 7.50% Cap Rate
EXECUTIVE SUMMARY
Avenues Walk is ideally situated at the signalized intersection of Philips Highway (US Highway 1) and Southside Boulevard, just half a mile north of the Interstate 95 and Interstate 295 interchange.
The property is part of Avenues Walk and is shadow-anchored by Walmart Supercenter, offering significant value-add potential.
The center is currently 100% occupied, and potential for an additional 10,000 SF of space.
Adjacent to two new residential developments comprising 372 apartments and 182 townhomes.
Located in a residentially dense area housing over 170,000 residents, with an attractive average household income of $120,000 within a 5-mile radius.
The property is part of Avenues Walk and is shadow-anchored by Walmart Supercenter, offering significant value-add potential.
The center is currently 100% occupied, and potential for an additional 10,000 SF of space.
Adjacent to two new residential developments comprising 372 apartments and 182 townhomes.
Located in a residentially dense area housing over 170,000 residents, with an attractive average household income of $120,000 within a 5-mile radius.
DATA ROOM Click Here to Access
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
58,063 SF
Building Class
C
Year Built
2008
Price
$8,975,715
Price Per SF
$155
Cap Rate
7.50%
NOI
$673,179
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.09
Lot Size
15.19 AC
Zoning
PUD
Parking
350 Spaces (6.03 Spaces per 1,000 SF Leased)
Frontage
311 FT on Shops Ln
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,941,445 | |
| Land Assessment | $3,030,543 | Total Assessment | $5,971,988 |
