Shopping Strip

Shoppes at Julington Creek

530 State Rd 13, Fruit Cove, FL 32259

Listing Price: $2,175,000

Cap Rate
7.34%
Gross SF
10,426
Rentable SF
10,426
Price/Gross SF
$208.61
Lot Size
1.65 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to present Julington Village, a fully occupied 10,400 SF Publix
shadow- anchored retail center located in Fruit Cove, FL (Jacksonville MSA). The Subject has prime
positioning on State Route-13 in St Johns County, one of the fastest growing corridors in the
Country, receiving over 30,000 AADT. A signalized intersection and multiple points of access
provide ease of access to the 1.65-acre parcel which has contributed to the Centers strong historic occupancy and an established tenant base. Julington Village is located in the heart of Fruit Cove, an affluent, high-growth submarket of South Jacksonville with average household incomes exceeding $133,000. Situated on the St. Johns River at
the border of Duval County, surrounding neighborhood such as Julington Creek and Nocatee have lead
to St. Johns County becoming Americas 8th fastest growing county. Several top retail powerhouses
have established locations in Fruit Cove include: Walmart Neighborhood, McDonalds, Publix, Goodyear, CVS, Bank of America and many others. The Subject is being offered at $2,175,000 with a current seven percent cap rate. The offering has tremendous upside with the current tenant base paying significantly below surrounding market
average rents. Prime location and explosive surrounding growth rates provide the investor long-term stabilitycombined with surrounding communities flourish and rental rates increase.

Investment Highlights

  • Grocery Shadow Anchored
  • Major Thoroughfare
  • 30,000 Vehicles Per Day

Exclusively Listed By

Shopping Strip

Shoppes at Julington Creek

Listing Price: $2,175,000

Cap Rate
7.34%
Gross SF
10,426
Rentable SF
10,426
Price/Gross SF
$208.61
Lot Size
1.65 acres
Year Built
2004

Investment Highlights

  • Grocery Shadow Anchored
  • Major Thoroughfare
  • 30,000 Vehicles Per Day

Investment Overview

Marcus & Millichap is pleased to present Julington Village, a fully occupied 10,400 SF Publix
shadow- anchored retail center located in Fruit Cove, FL (Jacksonville MSA). The Subject has prime
positioning on State Route-13 in St Johns County, one of the fastest growing corridors in the
Country, receiving over 30,000 AADT. A signalized intersection and multiple points of access
provide ease of access to the 1.65-acre parcel which has contributed to the Centers strong historic occupancy and an established tenant base. Julington Village is located in the heart of Fruit Cove, an affluent, high-growth submarket of South Jacksonville with average household incomes exceeding $133,000. Situated on the St. Johns River at
the border of Duval County, surrounding neighborhood such as Julington Creek and Nocatee have lead
to St. Johns County becoming Americas 8th fastest growing county. Several top retail powerhouses
have established locations in Fruit Cove include: Walmart Neighborhood, McDonalds, Publix, Goodyear, CVS, Bank of America and many others. The Subject is being offered at $2,175,000 with a current seven percent cap rate. The offering has tremendous upside with the current tenant base paying significantly below surrounding market
average rents. Prime location and explosive surrounding growth rates provide the investor long-term stabilitycombined with surrounding communities flourish and rental rates increase.

Exclusively Listed By

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