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Shopping Strip

Marietta Square

8299 W Beaver St, Jacksonville, FL 32220

Listing Price: $5,650,000

Cap Rate
7.58%
Gross SF
64,736
Rentable SF
64,736
Price/Gross SF
$87.28
Lot Size
10.30 acres
Year Built
1991

Investment Overview

Marcus & Millichap is pleased to present Marietta Square, a 64,736 square foot grocery anchored shopping center in Jacksonville, Florida. The property is anchored by regional grocer Rowe’s IGA Supermarket and also features Family Dollar and AutoZone, amongst a variety of other retail and service tenants. Rowe’s recently renovated their space, extended their lease and enjoys a low rent to sales ratio. This offering also features over 10 acres of land, enabling an investor to add value by expanding the center’s GLA in the future.

Investment Highlights

  • Jacksonville, Florida grocery anchored shopping center priced at $5,650,000 ($87/RSF) with 10% cash on cash return
  • Additional land allows for additional development of the property
  • Anchored by Rowe's IGA Supermarket with $396/SF in store sales
  • Rowe's recently renewed its lease for 5 years and spent $350,000 renovating the space including new floors, lighting and repainting
  • Rowe's has excellent gross rent to sales ratio of 1.76%
  • Located near I-295 and I-10
  • $300 million industrial development planned nearby
  • 93% of GLA occupied by national/regional tenants, with 8 of 10 tenants occupying their space for 8+ years

Exclusively Listed By

Listing Price: $5,650,000

Cap Rate
7.58%
Gross SF
64,736
Rentable SF
64,736
Price/Gross SF
$87.28
Lot Size
10.30 acres
Year Built
1991

Investment Highlights

  • Jacksonville, Florida grocery anchored shopping center priced at $5,650,000 ($87/RSF) with 10% cash on cash return
  • Additional land allows for additional development of the property
  • Anchored by Rowe's IGA Supermarket with $396/SF in store sales
  • Rowe's recently renewed its lease for 5 years and spent $350,000 renovating the space including new floors, lighting and repainting
  • Rowe's has excellent gross rent to sales ratio of 1.76%
  • Located near I-295 and I-10
  • $300 million industrial development planned nearby
  • 93% of GLA occupied by national/regional tenants, with 8 of 10 tenants occupying their space for 8+ years

Investment Overview

Marcus & Millichap is pleased to present Marietta Square, a 64,736 square foot grocery anchored shopping center in Jacksonville, Florida. The property is anchored by regional grocer Rowe’s IGA Supermarket and also features Family Dollar and AutoZone, amongst a variety of other retail and service tenants. Rowe’s recently renovated their space, extended their lease and enjoys a low rent to sales ratio. This offering also features over 10 acres of land, enabling an investor to add value by expanding the center’s GLA in the future.

Exclusively Listed By

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