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Southpoint Plaza 6426 Bowden Rd 17,175 SF 100% Leased Retail Building Jacksonville, FL 32216 $4,930,000 ($287.05/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- The asset is currently 100% occupied by a mix of restaurants, boutique stores, event venues, and convenience stores
- The asset has 3.16 Weighted Average Lease Term (WALT) remaining, granting the opportunity to cash flow while re-leasing the spaces at market rents
- The center is located in Jacksonville, FL, the 4th Fastest Growing City in the United States (US Census 2024)
- The center is currently occupied by 11 tenants. The current tenants all have NNN leases
- The asset is located on the corner of Bowden Road and Salisbury Road with an AADT of 20,200
- Center includes an outparcel currently leased to Thai Spice Kitchen
EXECUTIVE SUMMARY
RIPCO Real Estate is pleased to offer for sale Southpoint Plaza, a two building 16,575 SF commercial property located on the southwest corner of Bowden Road and Salisbury
Road in Jacksonville, FL.
Road in Jacksonville, FL.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
17,175 SF
Building Class
B
Year Built
1989
Price
$4,930,000
Price Per SF
$287.05
Cap Rate
7.20%
NOI
$354,963
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.71 AC
Zoning
PUD - Commercial
Parking
100 Spaces (5.82 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 152571-0000 | Improvements Assessment | $743,285 |
| Land Assessment | $2,637,015 | Total Assessment | $3,380,300 |
PROPERTY TAXES
Parcel Number
152571-0000
Land Assessment
$2,637,015
Improvements Assessment
$743,285
Total Assessment
$3,380,300
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