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Shopping Neighborhood

Crossroads Shopping Center & Land

806 S 6th St, Macclenny, FL 32063

Listing Price: $2,400,000

Cap Rate
8.08%
Rentable SF
23,400
Lot Size
8.50 acres
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to present Crossroads Shopping Center, located at 806 6th St. S, and the adjoining +/- 6.30 Acres of land. 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 2009, the structure sits upon 2.2 acres, comprises 23,400 SQFT, and is fully stabilized by six tenants, with Save-A-Lot as the anchor who has been in the building since 2011 and has +/- 5.75 years remaining in lease-term. Additionally, UF Healthcare has occupied this center since 2011 and maintains approximately 15% of the GLA. The rest of the center is occupied by local tenants and Cricket, who all occupy about 5% of the center individually and have been tenants to the building since 2019, at the latest. AutoZone, Popeyes, First Federal Bank, and Wells Fargo are the Out-Parcel tenants of this Neighborhood Center. Additionally, there are 4 points of ingress/egress to this property, and 6th St S, the primary retail artery in Macclenny, FL, is the fronting street to these properties.

Investment Highlights

  • Grocery Anchor, Save-A-Lot, Just Exercised its 2nd 5-Year Option and is Under Lease Until May 29'
  • +/- 85% of Gross Leasable Area is Occupied by National or Regional Tenants
  • Main Retail Artery in Macclenny, S 6th St, Fronts the Property
  • Fully Stabilized Asset
  • +/- 6.30 Acres of Land Included in Offering

Exclusively Listed By

Financing By

Shopping Neighborhood

Crossroads Shopping Center & Land

Listing Price: $2,400,000

Cap Rate
8.08%
Rentable SF
23,400
Lot Size
8.50 acres
Year Built
2009

Investment Highlights

  • Grocery Anchor, Save-A-Lot, Just Exercised its 2nd 5-Year Option and is Under Lease Until May 29'
  • +/- 85% of Gross Leasable Area is Occupied by National or Regional Tenants
  • Main Retail Artery in Macclenny, S 6th St, Fronts the Property
  • Fully Stabilized Asset
  • +/- 6.30 Acres of Land Included in Offering

Investment Overview

Marcus & Millichap is pleased to present Crossroads Shopping Center, located at 806 6th St. S, and the adjoining +/- 6.30 Acres of land. 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 2009, the structure sits upon 2.2 acres, comprises 23,400 SQFT, and is fully stabilized by six tenants, with Save-A-Lot as the anchor who has been in the building since 2011 and has +/- 5.75 years remaining in lease-term. Additionally, UF Healthcare has occupied this center since 2011 and maintains approximately 15% of the GLA. The rest of the center is occupied by local tenants and Cricket, who all occupy about 5% of the center individually and have been tenants to the building since 2019, at the latest. AutoZone, Popeyes, First Federal Bank, and Wells Fargo are the Out-Parcel tenants of this Neighborhood Center. Additionally, there are 4 points of ingress/egress to this property, and 6th St S, the primary retail artery in Macclenny, FL, is the fronting street to these properties.

Exclusively Listed By

Financing By

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