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6000 Lake Gray Blvd Jacksonville, FL 32244

163,259 SF Shopping Center, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
135
Westland Park Plaza, a 163,259-square-foot shopping center in Jacksonville, Florida, presents a unique investment opportunity. Situated on approximately 16.63 acres at the intersection of Blanding Boulevard and Lake Gray Boulevard, adjacent to Interstate 295, this multi-tenant property boasts a high-traffic location with an average daily count of 151,000 vehicles. Currently at 54.7% occupancy, the center offers significant value-add potential. Key tenants include LA Fitness, Guitar Center, Overstock Furniture, Plato's Closet, and Once Upon a Child, providing a strong foundation for future growth. Built in 1989, the property benefits from its strategic location within a densely populated area and proximity to major employment centers, contributing to its strong retail fundamentals. This presents an unprecedented anchor repositioning opportunity, with projections indicating a potential doubling of net operating income within five years. The property's size and location in a rapidly growing Jacksonville market make it an exceptional investment prospect. The property is for sale by owner.

Highlights

  • 163,259 SF multi-tenant shopping center in Jacksonville, FL, on a 16.63-acre lot.
  • Significant value-add opportunity with potential for substantial NOI growth.
  • High-visibility location near major employment centers and high traffic counts.
  • Strong Jacksonville retail market fundamentals.

Property Details for 6000 Lake Gray Blvd

Property type
Lifestyle centers, Power centers
Square Feet
163,259 SF
Year Built
1989
Lot Size (sq. ft)
724,403 SF

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.198913467225
Longitude
-81.741879857837

FAQs

What type of property is this?
Lifestyle center - 163,259 SF Shopping Center, High Growth Area
Where is the lifestyle center located?
The property is located at 6000 Lake Gray Blvd Jacksonville, FL.
What are key features of this property?
This property features: 163,259 SF multi-tenant shopping center in Jacksonville, FL, on a 16.63-acre lot.; Significant value-add opportunity with potential for substantial NOI growth.; High-visibility location near major employment centers and high traffic counts.
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6000 Lake Gray Blvd
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