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The Plaza at Normandy 11341 Normandy Blvd 58,691 SF 100% Leased 4-Star Retail Building Jacksonville, FL 32221 $20,685,000 ($352.44/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Publix – a dominant grocer in the Southeast USA - anchors this center.
  • This is offered free and clear of financing.
  • Ideal location in the growing Normandy trade area.

EXECUTIVE SUMMARY

TSCG, acting as exclusive agent on behalf of the Owner, is proud to offer for sale The Plaza at Normandy in Jacksonville, Florida. The Plaza at Normandy is a newly-developed class “A” retail center totaling 58,691 square feet of gross leasable area anchored by Publix Supermarkets, the dominant grocery chain in the Southeast. Publix occupies 46,791 square feet in their new prototype grocery store, which features a drive-thru pharmacy. Publix also leases an adjacent 2,100 SF space for a liquor store. Other tenants at The Plaza at Normandy include Xtreme Wings, Hair Cuttery, Nail Art Studio & Spa, UPS Store and AT&T Wireless. The Property is 100% leased and is being offered free of any financing.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
58,691 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$20,685,000
Price Per SF
$352.44
Cap Rate
6%
NOI
$1,241,116
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
13.78 AC
Zoning
GC - General Commercial
  • Listing ID: 33933073

  • Date on Market: 11/20/2024

  • Last Updated:

  • Address: 11341 Normandy Blvd, Jacksonville, FL 32221

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The Plaza at Normandy | 11341 Normandy Blvd

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