9978 Atlantic BlvdJacksonville, FL 32225

Property Details for 9978 Atlantic Blvd

Year built

2008

Lot size

5.67 AC

Property size (Sq ft)

46,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 46,000 square foot retail shopping center in Jacksonville, Florida, presents a compelling investment opportunity. Boasting a 100% occupancy rate with two corporate-guaranteed tenants, Northern Tool and JaxCo Furniture, this property offers a stable and predictable income stream. The Net Operating Income (NOI) currently stands at $497,981, with a pro-forma NOI matching this figure. The lease structure is a triple-net (NNN) lease, with JaxCo Furniture's rent subject to a 4% annual increase. The remaining lease term is approximately 4.6 years, expiring June 30, 2029. Built in 2008 and 1985, the property sits on a 5.67-acre lot and is zoned CCG-2. Its strategic location on Atlantic Boulevard, a major east-west thoroughfare, benefits from high traffic volume (70,000+ cars daily) and excellent visibility due to ample parking (186 spaces) and prominent pylon signage. The surrounding area is a thriving retail hub, anchored by numerous national retailers and automobile dealerships, further enhancing the property's value. Demographic data reveals a strong consumer base within a 3-mile and 5-mile radius, with average household incomes exceeding $53,568 and $62,348 respectively. The property's signalized intersection at Atlantic Boulevard and Anniston Road provides optimal ingress and egress. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a dynamic Jacksonville market.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3215

Longitude

-81.5409

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