For Sale
$1,995,000

5917 Roosevelt Blvd Jacksonville, FL 32244

Prime Retail Center, High NOI, Value-Add Potential

Overview

Added:
Dec 11, 2024
Days on market:
136
This 8,000 square foot shopping center in Jacksonville, FL, presents a compelling value-add opportunity. Located at 5917 Roosevelt Blvd, this single-story, 2005-built property boasts a strong 91.12% occupancy rate across six tenants, generating a Net Operating Income (NOI) of $142,830 and a 7.16% cap rate. The asking price is $1,995,000 ($249.38/sq ft). The 0.83-acre lot, zoned CCG-2, offers flexibility for future development. With 20 parking spaces and situated near major roadways, established neighborhoods, and key attractions like Timuquana Country Club and NAS Jacksonville, this property benefits from high visibility and consistent traffic. The current tenant mix includes diverse businesses, providing an opportunity to renegotiate leases and increase rental income. This investment offers a solid foundation for growth in a thriving Jacksonville market. The property features eight units in total.

Highlights

  • $1,995,000 asking price for a value-add opportunity.
  • 8,000 square feet of retail space in a Class B shopping center.
  • 7.16% cap rate with a $142,830 NOI.
  • 91.12% occupancy with six tenants in a multi-tenant NNN lease structure.
  • Located at 5917 Roosevelt Blvd, Jacksonville, FL 32244, on a 0.83-acre lot with 20 parking spaces.

Property Details for 5917 Roosevelt Blvd

Property type
Lifestyle centers, Power centers
Square Feet
8,000 SF
Class
B
Year Built
2005
Buildings
1
Stories
1
Lot Size (sq. ft)
36,155 SF
Units
8

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.242740695868
Longitude
-81.696300927188

FAQs

What type of property is this?
Lifestyle center - Prime Retail Center, High NOI, Value-Add Potential
Where is the lifestyle center located?
The property is located at 5917 Roosevelt Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: $1,995,000 asking price for a value-add opportunity.; 8,000 square feet of retail space in a Class B shopping center.; 7.16% cap rate with a $142,830 NOI.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5917 Roosevelt Blvd
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