416 Commerce Center Dr
Jacksonville, FL 32225
Red Lobster · Retail Property For Sale

The subject investment property is situated on Commerce Center Drive, which is positioned in a highly dense traffic corridor. The subject Red Lobster is located near an exit of Fl-113, which boasts average daily traffic counts exceeding 35,010. Atlantic Boulevard, to the south, and Monument Road, to the east, bring an additional 49,000 and 33,326 vehicles into the immediate area each day. Additionally, Interstate-295, the beltway around central Jacksonville experiences average daily traffic counts of roughly 68,500. There are more than 207,311 individuals residing within a five-mile radius of the subject property. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, including: Walmart, Target, Lowes, Home Depot, Dillard’s, AMC, Chick-fil-A, Zaxby’s, and McDonald's. This subject Red Lobster is within a one-mile radius of Regency Square Mall. Additionally, the subject property is within a five-mile radius of Memorial Hospital, a 418-bed acute care hospital that offers a full line of services. Jacksonville's only professional sports team, the Jacksonville Jaguars, play all their home games at TIAA Bank Field, which is within a six-mile radius of the subject property. The three higher education institutions in Jacksonville are all located within a seven-mile radius of the subject property. The University of North Florida, Jacksonville University, and Florida State College at Jacksonville boast a combined enrollment exceeding 69,760 students. Jacksonville is a seaport city, the most populous city in the state of Florida, and the most populous city in the southeastern United States. The city is the cultural, commercial and financial center of Northern Florida. A major military and civilian deep-water port, the city’s riverine location supports two United States Navy bases and the Port of Jacksonville, Florida’s third-largest seaport. The Port of Jacksonville is a leading port in the United States for automobile imports, as well as the leading transportation and distribution hub in the state. Jacksonville serves as headquarters for various banking, insurance, healthcare, logistics, and other institutions. One professional sports team, the Jacksonville Jaguars of the National Football League, plays their home games in downtown Jacksonville. Jacksonville is home to 22 miles of beaches that allow residents or visitors to surf, kayak, swim, boat, and fish.