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Winn-Dixie Anchored Shopping Center
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1225 Atlantic Boulevard, Neptune Beach, FL 32266

60,269 SF shopping center in Neptune Beach, Florida.

Space SizeContact for details
Property Size60,269 SF
Lot Size8.45 Acres
Days on Market174

Property Features for 1225 Atlantic Boulevard

General Information

Standard status Active
Size 60,269 SF
Lot size 8.45 Acres
Property subtype Retail

Building Details

Building Size 60,269 SF
Year Built 1962
Listing Agency: NAI Hallmark | Jacksonville
Listed By: Austin Kay · License #3281187
Source: Naihallmark
Added: Mar 6 Changed: Aug 12 Last Checked: Aug 26 at 7:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Hallmark | Jacksonville

Investment Insights

Based on property information with market context.

Penman Plaza is a 60,269 square foot shopping center anchored by Winn-Dixie. The property is located between two affluent beachside communities of Jacksonville, Florida. Situated on 8.45 acres, the property is highly visible and accessible from both Atlantic Blvd. and Penman Road. Atlantic Blvd. has an AADT of 35,500 and is one of only a few major east/west thoroughfares that provide access to the beaches submarket. The beaches submarket historically and currently maintains strong occupancy and rental rates due to limited supply of retail inventory and available land. Winn-Dixie has been at this location for over 50 years, expanding their store in 1995 and completing a renovation in 2019, with sales figures significantly higher than the national average. Co-tenants include Winn Dixie Liquor, Bono's Pit Bar-B-Q, Ace Hardware, and Tire Kingdom, with a VyStar Credit Union and What-A-Burger outparcels. There are 402 parking spaces, or 6.7 spaces per 1,000 square feet. The property is zoned NC-3 (Commercial Retail Sales & Service). The space can be divided.

Key Highlights

  • Winn‑Dixie anchored shopping center with significantly higher sales than the national average and a 50+ year history.
  • Located in an affluent beachside community with limited retail inventory, resulting in strong occupancy and rental rates.
  • High visibility and accessibility from Atlantic Blvd. (35,500 AADT) and Penman Road.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Bakery Auto Parts Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

382
Businesses Nearby
Balanced
Demand for This Use

Demographics for 32266, FL

7,217
Population
3,792
Households
1.9
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
2.3 sq mi
ZIP Area
3,138
Density / Sq Mi
$111,025
Median Household Income
$52,180
Median Earnings
$1,481
Median Rent
$613,500
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - 60,269 SF shopping center in Neptune Beach, Florida.
Where is this shopping center located?
The property is located at 1225 Atlantic Boulevard Neptune Beach, FL.
What are key features of this property?
This property features: Winn‑Dixie anchored shopping center with significantly higher sales than the national average and a 50+ year history.; Located in an affluent beachside community with limited retail inventory, resulting in strong occupancy and rental rates.; High visibility and accessibility from Atlantic Blvd. (35,500 AADT) and Penman Road.
More about this property
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