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Property profile & analytics
OFF-MARKET
Lifestyle centers

9978 Atlantic Blvd Jacksonville, FL 32225

46,000 SF 5.67 ac lot Built 2008
Property ID
Property summary
AI-generated overview

This exceptional 46,000 square foot retail shopping center in Jacksonville, Florida, presents a compelling investment opportunity. Boasting a 100% occupancy rate with two corporate-guaranteed tenants, Northern Tool and JaxCo Furniture, this property offers a stable and predictable income stream. The Net Operating Income (NOI) currently stands at $497,981, with a pro-forma NOI matching this figure. The lease structure is a triple-net (NNN) lease, with JaxCo Furniture's rent subject to a 4% annual increase. The remaining lease term is approximately 4.6 years, expiring June 30, 2029. Built in 2008 and 1985, the property sits on a 5.67-acre lot and is zoned CCG-2. Its strategic location on Atlantic Boulevard, a major east-west thoroughfare, benefits from high traffic volume (70,000+ cars daily) and excellent visibility due to ample parking (186 spaces) and prominent pylon signage. The surrounding area is a thriving retail hub, anchored by numerous national retailers and automobile dealerships, further enhancing the property's value. Demographic data reveals a strong consumer base within a 3-mile and 5-mile radius, with average household incomes exceeding $53,568 and $62,348 respectively. The property's signalized intersection at Atlantic Boulevard and Anniston Road provides optimal ingress and egress. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a dynamic Jacksonville market.

Property profile
Verified
Property type Lifestyle centers
Year built 2008
Total area 46,000 SF
Lot 5.67 ac (246,985 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • JaxCo Furniture & Mattress Store Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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