Jacksonville Regional Center

  • Property Type:
  • Beds: Bring All Offers
  • Baths: N/A
  • Sq Ft: 219,735 SF

Jacksonville Regional

Harveys
jcp
bealls-outlet
fashionmetro
gncrd1
citi
beauty-max
hibbett-sports1
jcp-and-winnhhh
signage
citi2
bealls-outlet-2
bealls-outlet-and-citi
JACKSONVILLE REGIONAL CENTER
3000 Dunn Ave., Jacksonville, FL 32218

PRICE Bring All Offers
GLA 219,735 SF
PROPERTY TYPE Shopping Center
CAP RATE n/a
OCCUPANCY 94%
YEAR BUILT 1988
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OFFERING MEMORANDUM

BRANDON HAKIMI
brandon@namdarllc.com
(516) 773-0080
DEMOGRAPHICS
Total Population
1 – mi. – 3,724
3 – mi. – 45,793
5 – mi. – 88,783
More info in the flyer

INVESTMENT HIGHLIGHTS

  • The Property is anchored by Harveys Supermarket (formerly Winn-Dixie) and JCPenney, both of which have long occupancy history at the center with excellent store sales history.
  • Winn Dixie recently exercised their their lease by 10 years and converted their store to a Harveys Supermarket (same parent company as Winn-Dixie).  The name of the parent company is Southeastern Grocers (formerly called Bi-Lo Holdings), a private company with over 750 locations.  Southeastern Grocers was rated #31 in Forbes 2015 ranking on America’s Largest Private Companies.
  • JCPenney recently exercised their 5 year option.
  • 86% of the currently leased tenancy at the Property has been in occupancy at the center for at least ten years.
  • Harveys and JCPenney account for 57% of the GLA at the Property and 40% of the in-place potential gross income.
  • Jacksonville Regional Shopping Center is located along Dunn Avenue, the dominant east-west corridor on Jacksonville’s north side. Daily traffic counts near the center exceed 16,000.
  • The trade area has seen tremendous growth in the last decade. Cumulative population growth within three miles of Jacksonville Regional was 20%.
  • The Property has upside through the lease up of currently 4 vacant spaces. The 9,700 SF available is comprised of mostly small shop inline space.

City:Jacksonville
State:FL
Square Feet:219,735 SF
Price:Bring All Offers
Cap Rate:N/A

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