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- LoopNet Team
1550 Hendricks Ave
Jacksonville, FL 32207
Mango Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Occupied Fully Stabilized Center: 4-tenant shopping center offering great investment stability (75% of Leases have 8+ years of term remaining)
- Income Tax-Free: Florida is an income Tax-Free State & Jacksonville is the most populous city in the southeastern United States
- Strong Daytime Traffic: I-95 (±160,000 VPD), Atlantic Blvd (± 41,000 VPD), Hendricks Ave (± 25,000 VPD), Beach Blvd (± 44,593 VPD)
- Desirable Lease Structures: NNN Leases with strong increase schedules, all of which include 3% - 5% Annual Escalations in the rent
- Ideal Demographic Composition: Avg HH Income exceeds ± $98,699 in a 1-mile; Population is a dense ± 236,830 residents in a 5-mile
- Walking Distance to Baptist Medical Center Jax (10,500 Employees), Anderson Cancer Center (330,000 SF), & Wolfson Children’s Hospital (1,250+ beds)
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Signalized Intersection
ABOUT 1550 HENDRICKS AVE , JACKSONVILLE, FL 32207
Mango Plaza is located minutes from the bend of the St. Johns River, which provides a dynamic mix of amenities that include retail shops, offices, entertainment and green spaces, all within a convenient distance. This location is walking distance to several major employers and adjacent to the Skyway Station leading across the river to Downtown Jacksonville. San Marco boasts historically high occupancy in a highly demanded rental market, which is a testament to this specific low vacancy trade area of Jacksonville. Vacancy remains compressed right at 4%, 150+ basis points lower than the market’s long-term avg. & remains below the nat’l vacancy. The San Marco area continues to thrive with strong retail growth & is central to Jacksonville’s major employment hubs, shopping destinations and recreation hot-spots. Mayfair Village is also conveniently located 15 minutes from the business corridors of Southpoint & Southside Boulevard. Mango Plaza is situated across from the vibrant Riverside Submarket just outside of the Jacksonville CBD. Recent developments surrounding the property include Brooklyn Station on Riverside (70,000 Sq. Ft. retail center anchored by Fresh Market being developed by Regency Centers Corporation), 220 Riverside (294-unit apartment community being developed by Mid-America Apartment Communities Inc.), and The Brooklyn Riverside (310-unit Apt. Community being developed by Pollack Shores). Recent Complete Renovation of Manngo Plaza in 2015, including a brand-new roofing system, building facade, completely new parking lot, elaborate landscaping & various additional upgrades. Immediate High-End Retailers Include: Pure Barre, Hightide Burrito, CrossFit Gym, Bold Bean Coffee, Fuji Sushi, Panera Bread, Aardwolf Brewing Co., Mayday Ice-Cream, V Pizza, Hurricane Grill, San Marco Market, Chase, Starbucks, Ergo Body, Good Dough Cafe, Bella Bridesmaids, Therapy Works & The Bearded Pig
PROPERTY TAXES
| Parcel Number | 080526-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,499,698 |
PROPERTY TAXES
