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    11341 Normandy Blvd Jacksonville, FL 32221

    Sponsored
    For Sale
    $22,300,000

    Jacksonville Grocery Center, 100% Leased

    Property size:
    58,691 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Plaza at Normandy, a premier Class A retail center in Jacksonville, Florida, presents a compelling investment opportunity. This newly constructed (2024) property boasts a total of 58,691 square feet across two buildings situated on a 16.13-acre lot. The center is anchored by a Publix Super Markets, a dominant grocery chain in the Southeast, occupying 46,791 square feet, including a drive-thru pharmacy and an additional 2,100 square foot liquor store. The property enjoys 100% occupancy with a diverse tenant mix including Xtreme Wings, Hair Cuttery, Nail Art Studio & Spa, UPS Store, and AT&T Wireless. The Plaza at Normandy is offered at $22,300,000 with a 5.50% cap rate and a triple-net (NNN) lease structure. This exceptional property benefits from its prime location within the growing Normandy trade area and is offered free and clear of any existing financing, providing a clean and attractive investment opportunity. The property's strong tenant lineup, high occupancy rate, and strategic location make it an ideal addition to any portfolio. The property address is 11341 Normandy Blvd, Jacksonville, FL 32221.

    Property Features for 11341 Normandy Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    58,691 SF
    Class
    A
    Lot Size
    702,623 SF

    Building Details

    Year Built
    2024
    Buildings
    2

    HighLights

    • High‑traffic Publix‑anchored center.
    • Excellent location in the expanding Normandy market.
    • Offered unencumbered by debt.
    Property Profile Location Intelligence

    Current Use by Public Records

    Publix Pharmacy at the Plaza ... Pharmacy Publix Super Market ... Supermarket

    Suggested Use

    Realty agency Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness Pharmacy Auto Parts Store Department Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.8502371
    Latitude
    30.2678782

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    FAQs

    What type of property is this?
    Individual retail property - Jacksonville Grocery Center, 100% Leased
    Where is this individual retail property located?
    The property is located at 11341 Normandy Blvd Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $22,300,000.
    What are key features of this property?
    This property features: High-traffic Publix-anchored center.; Excellent location in the expanding Normandy market.; Offered unencumbered by debt.
    Request Owner's contact information
    11341 Normandy Blvd Jacksonville, FL 32221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11341 Normandy Blvd Jacksonville, FL 32221
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