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Southpoint Plaza 6426 Bowden Rd 17,175 SF 100% Leased Retail Building Jacksonville, FL 32216 $4,930,000 ($287.05/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- The asset is currently 100% occupied by a mix of restaurants, boutique stores, event venues, and convenience stores
- The asset has 3.16 Weighted Average Lease Term (WALT) remaining, granting the opportunity to cash flow while re-leasing the spaces at market rents
- The center is located in Jacksonville, FL, the 4th Fastest Growing City in the United States (US Census 2024)
- The center is currently occupied by 11 tenants. The current tenants all have NNN leases
- The asset is located on the corner of Bowden Road and Salisbury Road with an AADT of 20,200
- Center includes an outparcel currently leased to Thai Spice Kitchen
EXECUTIVE SUMMARY
RIPCO Real Estate is pleased to offer for sale Southpoint Plaza, a two building 16,575 SF commercial property located on the southwest corner of Bowden Road and Salisbury
Road in Jacksonville, FL.
Road in Jacksonville, FL.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
17,175 SF
Building Class
B
Year Built
1989
Price
$4,930,000
Price Per SF
$287.05
Cap Rate
7.20%
NOI
$354,963
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.71 AC
Zoning
PUD - Commercial
Parking
100 Spaces (5.82 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 152571-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,085,500 |
PROPERTY TAXES
Parcel Number
152571-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,085,500
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