Shopping Strip

Jacksonville Village

1009 S Jackson St, Jacksonville, TX 75766

Listing Price: $3,468,000

Cap Rate
7.55%
Gross SF
39,528
Rentable SF
39,528
Price/Gross SF
$87.74
Lot Size
3.75 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire an 39,528-square foot, grocery-anchored, multi-tenant retail center located in Jacksonville, Texas. Jacksonville Village is currently 88 percent occupied, and 48 percent of the leases are triple-net leases. The center is a complementary mix of internet-resistant tenants including Factory Connection, Little Caesars, H&R Block, Super Cuts, Super Gallo Mercado, Break N Bread Natural Foods, Torres Western Wear, Nails by Rose, Clinica Hispana, J-Mart Beauty Supply, and No Limit Nutrition. Constructed in 2006, the center is situated on a 3.75-acre parcel. Jacksonville Village is located on South Jackson Street/Highway 69, the major north-south thoroughfare in the city, in a dense retail trade area of Jacksonville. Traffic counts in front of the property exceed 21,500 vehicles per day. The property is shadow-anchored by Walmart Supercenter. Other national retailers in the area include Hibbett Sports, AT&T, CVS Pharmacy, O'Reilly Auto Parts, Verizon, Chili's, Wendy's, Dairy Queen, Jersey Mike's Subs, Wing Stop, Tractor Supply Co., Rent-A-Center, Buddy's Home Furnishings, Dollar Tree, AutoZone, Atwoods, Stage, Sherwin-Williams, Whataburger, Panda Express, and more. The center is in close proximity to many schools, providing additional traffic to the area. The five-mile population is 21,638 residents, and the five-mile household income exceeds $61,780.

Investment Highlights

  • 39,528-Square Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter
  • Anchored by Super Gallo Mercado Grocery Store
  • 88% Occupied | 48% of the Gross Leasable Area has Triple-Net Leases | Significant Upside Potential
  • Priced at $88 per Square Foot | Well Below Replacement Value
  • Located in a Dense Retail Trade Area on South Jackson Street/Highway 69, the City's Major North/South Thoroughfare

Exclusively Listed By

Listing Price: $3,468,000

Cap Rate
7.55%
Gross SF
39,528
Rentable SF
39,528
Price/Gross SF
$87.74
Lot Size
3.75 acres
Year Built
2006

Investment Highlights

  • 39,528-Square Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter
  • Anchored by Super Gallo Mercado Grocery Store
  • 88% Occupied | 48% of the Gross Leasable Area has Triple-Net Leases | Significant Upside Potential
  • Priced at $88 per Square Foot | Well Below Replacement Value
  • Located in a Dense Retail Trade Area on South Jackson Street/Highway 69, the City's Major North/South Thoroughfare

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire an 39,528-square foot, grocery-anchored, multi-tenant retail center located in Jacksonville, Texas. Jacksonville Village is currently 88 percent occupied, and 48 percent of the leases are triple-net leases. The center is a complementary mix of internet-resistant tenants including Factory Connection, Little Caesars, H&R Block, Super Cuts, Super Gallo Mercado, Break N Bread Natural Foods, Torres Western Wear, Nails by Rose, Clinica Hispana, J-Mart Beauty Supply, and No Limit Nutrition. Constructed in 2006, the center is situated on a 3.75-acre parcel. Jacksonville Village is located on South Jackson Street/Highway 69, the major north-south thoroughfare in the city, in a dense retail trade area of Jacksonville. Traffic counts in front of the property exceed 21,500 vehicles per day. The property is shadow-anchored by Walmart Supercenter. Other national retailers in the area include Hibbett Sports, AT&T, CVS Pharmacy, O'Reilly Auto Parts, Verizon, Chili's, Wendy's, Dairy Queen, Jersey Mike's Subs, Wing Stop, Tractor Supply Co., Rent-A-Center, Buddy's Home Furnishings, Dollar Tree, AutoZone, Atwoods, Stage, Sherwin-Williams, Whataburger, Panda Express, and more. The center is in close proximity to many schools, providing additional traffic to the area. The five-mile population is 21,638 residents, and the five-mile household income exceeds $61,780.

Exclusively Listed By

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