2021 St Augustine RdJacksonville, FL 32207

Property Details for 2021 St Augustine Rd

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional single-story, 21,521 square foot shopping center in Jacksonville, Florida, presents a compelling investment opportunity. Located at 2021 St Augustine Rd, 32207, this property boasts a strong, long-term tenant, HC Brands (formerly Holmes Stamp Co.), with a proven track record (established 1954, over 100 employees, $17.3 million in 2023 revenue). A three-year leaseback is included upon closing, ensuring immediate cash flow. The lease features favorable 3% annual rent increases, providing inflation protection. The property offers an attractive 8.06% cap rate and is priced at $3,600,000 ($167 per square foot). Its prime location benefits from unmatched connectivity, being directly off Phillips Highway (±22,000 vehicles per day) and within two minutes of I-95 (±137,000 vehicles per day), five minutes from downtown Jacksonville, and twenty minutes from Jacksonville International Airport. The surrounding area is experiencing significant growth, including the new $43 million, 172-unit Lofts at San Marco multifamily development (expected completion Summer 2024). The property is zoned CCG-2 (Commercial Community/General-2) and is located in an Opportunity Zone. This combination of a strong tenant, favorable lease terms, prime location, and growth potential makes this a truly exceptional investment.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2978

Longitude

-81.6422

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].