Investment Overview

University Center South is a 43,530-square-foot neighborhood retail center strategically located in the heart of Jacksonville, Florida. The Property is currently 75% occupied and benefits from exceptional visibility and accessibility, with exposure to more than 44,000 vehicles per day and approximately 420 feet of direct frontage along University Boulevard, a major four-lane east-west commercial corridor. The Property underwent a comprehensive renovation in 2024 and is in excellent physical condition. As part of the improvements, new roofs were installed on all three buildings in 2024, providing significant long-term capital expenditure protection. University Center South is situated on a 3.69-acre parcel and offers convenient access from two separate entry points, including a signalized intersection at Terry Road. The Property also provides an attractive 5.0 parking spaces per 1,000 square feet parking ratio, enhancing convenience for tenants and their customers. The center is anchored by a diverse mix of established tenants, including a top-performing Firehouse Subs, which has operated at the Property for more than 30 years, demonstrating the center's longstanding appeal to both tenants and consumers. University Center South benefits from a highly strategic Jacksonville location, positioned less than one mile from Interstate 95 and within minutes of Downtown Jacksonville, Florida Memorial Hospital, Interstate 10, and the Atlantic Ocean beaches. University Boulevard serves as a key commercial artery connecting the St. Johns River to the I-95 interchange before continuing north through Arlington and past Jacksonville University. The corridor provides connectivity to several major thoroughfares, offering convenient access between Downtown Jacksonville and the City's prominent residential and commercial districts, including the Beaches, Southside, and areas along Atlantic and Beach Boulevards. With its high-traffic location, prominent University Boulevard frontage, recent capital improvements, convenient access, and established tenant base, University Center South represents a well-positioned neighborhood retail asset within one of Jacksonville's established commercial corridors.