8984 Normandy Blvd
Jacksonville, Florida
Price:
$6,715,984
Cap Rate:
6.25%
NOI:
$419,749
Building Size:
Approx. 22,985 Sq. Ft.
Lot Size:
Approx. 3.6 Acres
Type:
Single-Tenant / Retail
Sub Category:
Retailer
Year Built:
2022
Investment Overview
- 2022 Construction. 22,985+/- SF Building on 3.60+/- Acre Site
- Brand New 15-Year NNN Lease with 5% Rental Increases Every 5 Years in both the Primary Term and Renewal Options
- Excellent Location on Normandy Blvd Just South of I-10 (139,400 Combined VPD)
- Adjacent to Herlong Recreational Airport (85,000 Flights/Year; $80M Economic Output)
- Located in Dense Retail Corridor Near Top 6% Ranked Publix and Major Brands Like Walmart, Home Depot, and Winn-Dixie
- Tractor Supply is the Largest Rural Lifestyle Retailer in the U.S. with 2,329 Locations and $14.95B in Revenue
- Jacksonville, FL | Most Populous City in Florida and #1 by Land Area in the Contiguous U.S. | Population: 1,009,833