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Shopping Strip

Royal Pines: 10yr NNN Pizza-Hut Strip

3460 Royal Pines Blvd, Middleburg, FL 32068

Listing Price: $3,964,000

Cap Rate
7.00%
Gross SF
6,000
Rentable SF
6,000
Price/Gross SF
$660.67
Lot Size
0.14 acres
Year Built
2024

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Royal Pines shopping center, a brand-new, 6,000-square-foot Pizza Hut-anchored asset within the burgeoning Oakleaf Plantation submarket of the Jacksonville, FL MSA. It is 100% occupied with full-term, triple-net leases, national and local tenants and regular escalations.

The center is immediately off the First Coast Expressway at Oakleaf Plantation directly in the path of new retail and residential development with excellent demographics and numerous high-end single-family and multi-family properties. It's positioned at the lighted intersection of Oakleaf Parkway and Royal Pines Blvd, directly contiguous to Publix and McDonald's. This allows the property to benefit from the majority of the traffic units in the area each day. The center's proximity to all area schools; including Plantation Oaks Elementary, Oakleaf Jr High School and Oakleaf High, further insulates the property from risk in addition to its location near Eagle Landing Golf Club and the Oakleaf Sports Association.

Royal Pines is contiguous to brand new Publix and McDonald's properties along with the UPS Store Great Clips and others. Walmart, Home Depot, Lowe's, AutoZone, Pep Boys, AT&T, DaVita and Ascension St. Vincent's Hospital reside closely to the south with Cecil Field to the north making the subject property an ideal acquisition for any portfolio in any market.

Investment Highlights

  • 100% Occupied Pizza Hut-Anchored Strip
  • 7% Asking Cap Rate
  • Income Tax-Free State

Exclusively Listed By

Financing By

Shopping Strip

Royal Pines: 10yr NNN Pizza-Hut Strip

Listing Price: $3,964,000

Cap Rate
7.00%
Gross SF
6,000
Rentable SF
6,000
Price/Gross SF
$660.67
Lot Size
0.14 acres
Year Built
2024

Investment Highlights

  • 100% Occupied Pizza Hut-Anchored Strip
  • 7% Asking Cap Rate
  • Income Tax-Free State

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Royal Pines shopping center, a brand-new, 6,000-square-foot Pizza Hut-anchored asset within the burgeoning Oakleaf Plantation submarket of the Jacksonville, FL MSA. It is 100% occupied with full-term, triple-net leases, national and local tenants and regular escalations. The center is immediately off the First Coast Expressway at Oakleaf Plantation directly in the path of new retail and residential development with excellent demographics and numerous high-end single-family and multi-family properties. It's positioned at the lighted intersection of Oakleaf Parkway and Royal Pines Blvd, directly contiguous to Publix and McDonald's. This allows the property to benefit from the majority of the traffic units in the area each day. The center's proximity to all area schools; including Plantation Oaks Elementary, Oakleaf Jr High School and Oakleaf High, further insulates the property from risk in addition to its location near Eagle Landing Golf Club and the Oakleaf Sports Association. Royal Pines is contiguous to brand new Publix and McDonald's properties along with the UPS Store Great Clips and others. Walmart, Home Depot, Lowe's, AutoZone, Pep Boys, AT&T, DaVita and Ascension St. Vincent's Hospital reside closely to the south with Cecil Field to the north making the subject property an ideal acquisition for any portfolio in any market.

Exclusively Listed By

Financing By

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