Shopping Strip
EMERSON PLAZA
5323 Emerson St, Jacksonville, FL 32207
Listing Price: $995,000
Cap Rate
5.50%
Rentable SF
5,300
Lot Size
0.55 acres
Year Built
1967
Investment Overview
Built in 1967 | 5,300 Rentable SF | 0.47 Acre Parcel
EMERSON PLAZA
Investment Highlights
- 100% Occupied Retail Strip Center
- Tremendous Value-Add Upside Through Below Market Rents and Converting to Salon/Tattoo Booth Rental Model (See Cash Flow Analysis on Page 13)
- Current Rents are 42% Below Market (Per Costar) | All Tenants on Short-Term Leases with Built-In 5% Increases
- Priced Below Replacement Cost ($188/SF)
- Recent Capital Improvements Include: New Roof, Parking Lot, HVAC Units and LED Lighting Upgrades
- National Retailers in the Immediate Area Include: Dollar Tree, Target, Starbucks, Wendy's, McDonald's, and More…
- Directly Adjacent to SR-126 (30,000 VPD) & I-95 (185,000 VPD)
- 209,294 5-Mile Population | $69,829 Average Household Income
Exclusively Listed By
Financing By
Listing Price: $995,000
Cap Rate
5.50%
Rentable SF
5,300
Lot Size
0.55 acres
Year Built
1967
Investment Highlights
- 100% Occupied Retail Strip Center
- Tremendous Value-Add Upside Through Below Market Rents and Converting to Salon/Tattoo Booth Rental Model (See Cash Flow Analysis on Page 13)
- Current Rents are 42% Below Market (Per Costar) | All Tenants on Short-Term Leases with Built-In 5% Increases
- Priced Below Replacement Cost ($188/SF)
- Recent Capital Improvements Include: New Roof, Parking Lot, HVAC Units and LED Lighting Upgrades
- National Retailers in the Immediate Area Include: Dollar Tree, Target, Starbucks, Wendy's, McDonald's, and More…
- Directly Adjacent to SR-126 (30,000 VPD) & I-95 (185,000 VPD)
- 209,294 5-Mile Population | $69,829 Average Household Income
Investment Overview
Built in 1967 | 5,300 Rentable SF | 0.47 Acre Parcel
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
