12230 Atlantic BlvdJacksonville, FL 32225

This exceptional Class A retail investment presents a compelling opportunity to acquire a fee-simple, two-tenant shopping center in high-growth Jacksonville, Florida. The property boasts 123,469 square feet on a 9.449-acre lot and features a BJ's Wholesale Club (including a gas station) and a Walgreens, both operating under corporate net leases. The property enjoys a strong 6.00% cap rate with a current NOI of $1,436,586. BJ's Wholesale Club has a 24-year operating history at this location, recently extending their lease in 2020 for a remaining term of 6.7 years, including six 5-year options with 8.00% rental increases. Walgreens, with a 23-year operating history, has a remaining lease term of 6.8 years, with future rental increases scheduled for April 2026 and April 2031. Both tenants offer minimal landlord responsibilities. The property's prime location along Atlantic Boulevard (Highway 10), a high-traffic retail corridor with 58,026 vehicles per day, ensures excellent visibility and accessibility. Its proximity to Atlantic Beach and Downtown Jacksonville further enhances its desirability. The asking price is $23,943,000. Detailed lease information, including rent bumps and lease options, is available upon request.