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Town & Country Shopping Center
903 University Blvd North, Jacksonville, FL 32211
Last Verified 8/12/2009
Listing ID 16001222
Highlights
203,658 SF Multi-Tenant Value-Add Shopping Center- Prime Candidate for Redevelopment: 48% Occupied with over 106,000 SF of Vacant Space Ready to Lease
- Outparcel Ground Leases included in Offering: McDonald' s, BP Gas Station, VyStar Bank ATM
- Current Rents in Center are Below Market
- Population within 5 Miles is Approx. 200,000 Individuals
- Tremendous Visibility off the Arlington Expressway & University Blvd.
Description
**Value Add Center** *20 Acre Site *
* Re-Development Opportunity**
Town & Country Shopping Center is a 203,658 SF multi-tenant retail center, located in Jacksonville, Florida. Town & Country is a tremendous value-added opportunity. The investment is 48% occupied with short term leases. The site has several ways to create immediate upside (contact listing agent for details). In addition, the offering features multiple ground leases (outparcels) including: McDonald' s Restaurant, BP Gas Station, and a VyStar ATM. All of the existing tenant' s leases are structured NNN.
The subject property offers the experienced investor several potential approaches to maximizing their returns. The upside lies in the vacant 106,937 SF of Big-Box and inline space that is ready to be leased to prospective tenants. Furthermore, the current rents in the center are below market. The property' s phenomenal access and visibility from one of Jacksonville' s major highways, considerable size and Jacksonville' s growth make it a prime candidate for redevelopment.
The property offers excellent frontage, visibility, and access along the Arlington Expressway (US Hwy 90) and University Blvd (SR 109). The offering sits on 19.21 acres and was constructed in 1953, with numerous capital improvements in recent years including a new roof on the entire structure. Moreover, the population within 5 miles is approximately 200,000 individuals. Town & Country's strategic position on the Arlington Expressway provides easy access to downtown Jacksonville, Jacksonville International Airport and Craig Municipal Airport.
Map of 903 University Blvd North, Jacksonville, FL 32211 (Duval County)
Created 11/24/2008
Additional Information for 903 University Boulevard N, Jacksonville, FL 32211
- Active For Sale - 0 Listing
- Active For Lease - 0 Listing
- Previously Listed - 2 Historic Listings
- Sales Comparables Available - 0 RecentSales Record
View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.