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Shopping Strip

Macclenny Plaza

1195 S 6th St, Macclenny, FL 32063

Listing Price: $1,575,000

Cap Rate
8.21%
Gross SF
15,178
Rentable SF
15,178
Price/Gross SF
$103.77
Lot Size
1.19 acres
Year Built
1979

Investment Overview

Marcus & Millichap is pleased to present Macclenny Plaza, a multi-retail center located at 1195 S 6th St, FL 32063. S 6th St fronts the property, AADT 13,600, and I-10, a major regional commercial thoroughfare, is approximately a half mile from this property, AADT 29,000. Built in 1979, this offering is situated upon 1.19 of the total 2.35 acres that encompass the entire shopping center and the self-storage units. Initially, this opportunity was a +/- 9,486 SF strip center, adjoined by an additional, not part of the listing, +/- 9,500 SF, comprising the entirety of the shopping center. Our seller has recently acquired three of the five units on the adjacent side of the center adding +/- 5,700 of the 9,500 adjoining SF to the listing. One of the three aforementioned units is occupied by Wells Insurance, which just signed a two year lease. This building hosts an array of local tenants throughout the center in storefront retail and office space allotting efficiency and effectiveness in traffic flow throughout the property. This property has 3 points of ingress/egress from S 6th St, which is the primary retail artery in Macclenny, FL. Directly across the street are two major Neighborhood Power Centers that house Winn-Dixie, Tractor Supply Co., Dollar Tree, and Beall’s Outlet.

Investment Highlights

  • Roof Replaced in 2022
  • Year Two Cash-on-Cash Return Possibility of 13.77% With Current Financing Options
  • Main Retail Artery in Macclenny, S 6th St, Fronts the Property
  • Approximately a Half Mile From Major Regional Commercial Thoroughfare I-10
  • Array of Tenants Offering Efficiency and Effectiveness in Traffic Flow

Exclusively Listed By

Financing By

Shopping Strip

Macclenny Plaza

Listing Price: $1,575,000

Cap Rate
8.21%
Gross SF
15,178
Rentable SF
15,178
Price/Gross SF
$103.77
Lot Size
1.19 acres
Year Built
1979

Investment Highlights

  • Roof Replaced in 2022
  • Year Two Cash-on-Cash Return Possibility of 13.77% With Current Financing Options
  • Main Retail Artery in Macclenny, S 6th St, Fronts the Property
  • Approximately a Half Mile From Major Regional Commercial Thoroughfare I-10
  • Array of Tenants Offering Efficiency and Effectiveness in Traffic Flow

Investment Overview

Marcus & Millichap is pleased to present Macclenny Plaza, a multi-retail center located at 1195 S 6th St, FL 32063. S 6th St fronts the property, AADT 13,600, and I-10, a major regional commercial thoroughfare, is approximately a half mile from this property, AADT 29,000. Built in 1979, this offering is situated upon 1.19 of the total 2.35 acres that encompass the entire shopping center and the self-storage units. Initially, this opportunity was a +/- 9,486 SF strip center, adjoined by an additional, not part of the listing, +/- 9,500 SF, comprising the entirety of the shopping center. Our seller has recently acquired three of the five units on the adjacent side of the center adding +/- 5,700 of the 9,500 adjoining SF to the listing. One of the three aforementioned units is occupied by Wells Insurance, which just signed a two year lease. This building hosts an array of local tenants throughout the center in storefront retail and office space allotting efficiency and effectiveness in traffic flow throughout the property. This property has 3 points of ingress/egress from S 6th St, which is the primary retail artery in Macclenny, FL. Directly across the street are two major Neighborhood Power Centers that house Winn-Dixie, Tractor Supply Co., Dollar Tree, and Beall’s Outlet.

Exclusively Listed By

Financing By

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