2021 St Augustine RdJacksonville, FL 32207

Property Details for 2021 St Augustine Rd

Property type

Lifestyle centers

Property subtype

Power 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

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