Normandy Blvd Retail Investment
8984 Normandy Blvd Jacksonville, FL
For Sale
Contact for pricing
New 15-year NNN lease in Jacksonville's retail corridor.
Property Size22,985 SF
Lot Size3.93 Acres
Price / SF$292.19
Days on Market371
Property Features for 8984 Normandy Blvd
General Information
- Standard status
- Active
- Size
- 22,985 SF
- Lot size
- 3.93 Acres
- Property subtype
- RETAIL
Listing Agency:
Secure Net Lease - Dallas
(214) 915-8896
Listed By:
Anthony Pucciarello
Source:
Moodyscre
Added: Jul 21, 2025
Changed: Jul 10
Last Checked: Jul 21 at 3:01AM
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 Secure Net Lease - Dallas
Investment Insights
Based on property information with market context.
This property features a 22,985 square foot building constructed in 2022, situated on a 3.60 acre site. It is located on Normandy Blvd, south of I-10, which has a combined vehicle per day count of 139,400. The property is adjacent to Herlong Recreational Airport. The location is within a dense retail corridor near a top 6% ranked Publix and major brands like Walmart, Home Depot, and Winn-Dixie. The property is under a brand new 15-year NNN lease with 5% rental increases every 5 years in both the primary term and renewal options. The tenant, Tractor Supply, is the largest rural lifestyle retailer in the U.S. with 2,329 locations and $14.95B in revenue. The property is located in Jacksonville, FL, the most populous city in Florida and #1 by land area in the contiguous U.S., with a population of 1,009,833.
Key Highlights
- Brand new 15‑year NNN lease with 5% rental increases every 5 years
- 2022 construction: 22,985 sf building on 3.60 acre site
- Excellent location on Normandy Blvd just south of I‑10 (139,400 combined VPD)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $413.7k | $18.00 |
| − Vacancy | −$42.6k | −$1.85 |
| EGI | $371.1k | $16.15 |
| − OpEx | −$111.3k | −$4.84 |
| NOI | $259.8k | $11.30 |
22,985 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.71M
$3.25M – $4.33M
NOI $259,781 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.30M
$5.51M – $7.35M
NOI $440,760 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tractor Supply Co.
Pet Store & Service
Taqueria La Poblanita ...
Restaurant
Garden Center at Tractor ...
Garden Center
KeyExpress Locksmiths
Locksmith
FAQs
What type of property is this?
Storefront property - New 15-year NNN lease in Jacksonville's retail corridor.
Where is this storefront property located?
The property is located at 8984 Normandy Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $6,715,984.
What are key features of this property?
This property features: Brand new 15‑year NNN lease with 5% rental increases every 5 years; 2022 construction: 22,985 sf building on 3.60 acre site; Excellent location on Normandy Blvd just south of I‑10 (139,400 combined VPD)
