For Sale
$22,300,000

11341 Normandy Blvd Jacksonville, FL 32221

Jacksonville Grocery Center, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
137
The Plaza at Normandy, a premier Class A retail center in Jacksonville, Florida, presents a compelling investment opportunity. This newly constructed (2024) property boasts a total of 58,691 square feet across two buildings situated on a 16.13-acre lot. The center is anchored by a Publix Super Markets, a dominant grocery chain in the Southeast, occupying 46,791 square feet, including a drive-thru pharmacy and an additional 2,100 square foot liquor store. The property enjoys 100% occupancy with a diverse tenant mix including Xtreme Wings, Hair Cuttery, Nail Art Studio & Spa, UPS Store, and AT&T Wireless. The Plaza at Normandy is offered at $22,300,000 with a 5.50% cap rate and a triple-net (NNN) lease structure. This exceptional property benefits from its prime location within the growing Normandy trade area and is offered free and clear of any existing financing, providing a clean and attractive investment opportunity. The property's strong tenant lineup, high occupancy rate, and strategic location make it an ideal addition to any portfolio. The property address is 11341 Normandy Blvd, Jacksonville, FL 32221.

Highlights

  • High-traffic Publix-anchored center.
  • Excellent location in the expanding Normandy market.
  • Offered unencumbered by debt.

Property Details for 11341 Normandy Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
58,691 SF
Class
A
Year Built
2024
Buildings
2
Lot Size (sq. ft)
702,623 SF

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.2678782
Longitude
-81.8502371

FAQs

What type of property is this?
Retail property - Jacksonville Grocery Center, 100% Leased
Where is the retail property located?
The property is located at 11341 Normandy Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $22,300,000.
What are key features of this property?
This property features: High-traffic Publix-anchored center.; Excellent location in the expanding Normandy market.; Offered unencumbered by debt.
How can I contact the broker?
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11341 Normandy Blvd
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