9978 Atlantic Blvd Jacksonville, FL 32225
- Lifestyle centers
- 46,000 SF
- 5.67 lot acres
Current Use by Public Records
- JaxCo Furniture & Mattress Store / Bedroom Furniture Store / Furniture Store
Property Details for 9978 Atlantic Blvd
- Year built
- 2008
- Lot size
- 5.67 lot acres
- Property size
- 46,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.5409
- Latitude
- 30.3215
