4948 BIG ISLAND DR Jacksonville, FL 32246

This net leased investment opportunity features a corporate-backed Verizon Wireless retail store in Jacksonville's St. John’s Town Center. The 4,049-square-foot building, constructed in 2014, is located on Big Island Drive, a key thoroughfare within the open-air mall. The Verizon store has been operating at this location since 2014 and has a Placer traffic ranking of 4th out of 17 stores within a 15-mile radius. The property includes multiple access points, excellent visibility, and ample parking via a reciprocal easement agreement with the adjacent retail center. It benefits from high-visibility frontage along Big Island Drive, which sees over 10,000 vehicles per day. The location also benefits from regional access via nearby Butler Blvd, which carries over 120,000 vehicles per day. The surrounding area has a population of 75,330 within a 3-mile radius and 190,642 within a 5-mile radius, with average household incomes of $99,073 and $97,573, respectively. The property is near top retailers such as the Apple Store, Lululemon, Tiffany & Co, Target, Costco, and Publix. The area is poised for growth due to planned and under-construction development projects featuring over 515,000 square feet of retail/mixed-use space and a 15,000-square-foot soccer stadium. Verizon Wireless, backed by a BBB+ credit rating (S&P) and a corporate guarantee from Cellco Partnership, has been a leading wireless telecommunications provider.