Jacksonville, FL Jacksonville Retail Center

11200 San Jose Boulevard
Lease Type NNN
Cap Rate 7.11%
Property Type Retail
Building Size 9,257 SF
NOI $403,427
Land Area 1.14 AC
Remaining Term 9 Years
Status Closed
Property Highlights

Easily accessible retail location: The Property is located in the southern portion of Jacksonville, strategically positioned along the busy stretch of San Jose Boulevard that offers close proximity to West Beltway 295. The Property is only 18 miles south of Downtown Jacksonville and sits amongst a dense trade area.

Strong retail trade area: The Property is across from Riverplace Shopping Center—anchored by Cost Plus World Market, Michaels, Petco, Sears Outlet, Staples, Stein Mart and TJ Maxx—and is less than one mile from Mandarin Corners shopping center.

Quality, long-term investment: Constructed in 2016, the Property is 100 percent leased to Mattress Firm, Pei Wei, and The Vitamin Shoppe, all operating under 10-year leases with minimal landlord responsibilities, all which are subject to reimbursement.

Within cultural and commercial center of North Florida: Due to its convenient location, mild climate, reasonable cost of living, high quality of life and pro-business environment, Jacksonville is a popular destination for corporate expansion and relocation. Its status as an inter-modal transportation hub is a major incentive, and the city is also a major distribution center.

Listed in conjunction with Stan Johnson Co.

Known as the “River City by the Sea,” Jacksonville boasts more than 20 miles of wide and uncrowded beaches, close to 40 miles of the inter-coastal Waterway canal, numerous golf courses and the largest urban park system in the country.