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8000 Lem Turner Rd
Jacksonville, FL 32208
Nationally Anchored Shopping Center · Retail Property For Sale
Investment Highlights
- High-Traffic, Signalized Corner
- Anchored by Save A Lot, a national discount grocery chain driving consistent neighborhood traffic and stable tenant performance
- Stable income with High Value Add
- 100% leased shopping center featuring a diverse tenant mix including healthcare, auto parts, beauty, and service-oriented retailers
Executive Summary
The property at 8000 Lem Turner Rd is a nationally anchored neighborhood shopping center strategically located along Lem Turner Road—one of Jacksonville’s primary northside retail corridors. The asset comprises approximately 50,000+ square feet of multi-tenant retail situated on ~2.9 acres, featuring strong frontage, signalized access, and high daily traffic counts exceeding 31,000 vehicles per day.
The center is anchored by Save A Lot, a nationally recognized discount grocer, providing consistent daily-needs traffic and serving as a critical retail hub for the surrounding community. Additional tenancy includes a mix of service-oriented and necessity-based retailers, supporting durable occupancy and long-term demand.
Positioned less than 1.5 miles from Interstate 95 and within close proximity to Downtown Jacksonville and Jacksonville International Airport, the property benefits from strong regional accessibility and infill location fundamentals.
The asset presents a compelling value-add or yield-oriented investment opportunity, with historical occupancy strength, below-market rents in select suites, and long-term upside through lease-up and tenant repositioning.
The center is anchored by Save A Lot, a nationally recognized discount grocer, providing consistent daily-needs traffic and serving as a critical retail hub for the surrounding community. Additional tenancy includes a mix of service-oriented and necessity-based retailers, supporting durable occupancy and long-term demand.
Positioned less than 1.5 miles from Interstate 95 and within close proximity to Downtown Jacksonville and Jacksonville International Airport, the property benefits from strong regional accessibility and infill location fundamentals.
The asset presents a compelling value-add or yield-oriented investment opportunity, with historical occupancy strength, below-market rents in select suites, and long-term upside through lease-up and tenant repositioning.
Property Facts Under Contract
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
50,140 SF
Building Class
C
Year Built
1964
Price
$5,000,000
Price Per SF
$99.72
Cap Rate
8%
NOI
$400,075
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
2.89 AC
Zoning
CCG-2 - General Commercial Community - 2
Parking
150 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
262’ on Lem Turner
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 026929-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,476,814 |
Property Taxes
Parcel Number
026929-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,476,814
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