This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Royal Pines Shopping Center 3460 Royal Pines Drive

6,000 SF 100% Leased Retail Building Middleburg, FL 32068 $4,400,000 ($733/SF) 6.31% Cap Rate

Investment Highlights

  • Amazon-Resistant Tenant Lineup: Pizza Hut, Roderick's Karate, Encore Nails
  • Long-Term Leases In Place With Scheduled Rental Increases
  • Upgraded Architecture Elements That Limit Long-Term Maintenance Expenses: 20-Year Roof Warranty and Full Concrete Parking Lots
  • Part of the Oakleaf Plantation Master Planned Community: 11,000+ Residential Units
  • Across The Street From a Strong Performing Publix ($40M+)
  • Affluent Jacksonville Suburb: $120,000+ Household Incomes

Executive Summary

Franklin Street is pleased to present Royal Pines Shopping Center in Middleburg, Florida, a Jacksonville suburb. Jacksonville is the 10th most populous city in the United States and the MSA is made up of 1.7M residents. The center is located within the Oakleaf Plantation master planned community. The shopping center consists of three separate buildings made up of Amazon-resistant and family-friendly tenants that service the community. Anchoring the intersection with Royal Pines Shopping Center is a very strong performing Publix-anchored center and a soon-to-be-built HCA Healthcare medical facility. Additional retailers driving traffic to the intersection include Daybreak Market, McDonald's, Heartland Dental, LUV Car Wash, and soon-to-be-built Dollar Tree and Waffle House locations. The location is surrounded by affluent neighborhoods and a population that is rapidly growing (12% growth expected over next 5 years). The property has three access points to the center, including one off Oakleaf Plantation Pkwy and two off Royal Pines Drive. The Pizza Hut location is operated and guaranteed by Flynn Restaurant Group, the largest franchise operator in the country with 2,600+ locations.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
6,000 SF
Building Class
B
Year Built
2024
Price
$4,400,000
Price Per SF
$733
Cap Rate
6.31%
NOI
$277,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.98
Lot Size
0.14 AC
Zoning
PUD - Planned Development
Frontage
396 FT on Royal Pines Dr.

Nearby Major Retailers

Publix
PJ's Coffee of New Orleans
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-04-25-007869-001-08
Land Assessment
$937,408
Improvements Assessment
$0
Total Assessment
$937,408
  • Listing ID: 34380560

  • Date on Market: 1/6/2025

  • Last Updated:

  • Address: 3460 Royal Pines Drive, Middleburg, FL 32068

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}