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Shopping Neighborhood

Amelia Marketplace

474331 E State Rd 200, Fernandina Beach, FL 32034

Listing Price: $5,352,000

Cap Rate
7.26%
Gross SF
27,889
Rentable SF
27,889
Price/Gross SF
$191.90
Lot Size
3.72 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to present Amelia Marketplace, a 28,000 square foot shopping center located on the corner of A1A/State Road 200 and O’Neil Scott Rd in Fernandina Beach, FL 32034. The structure is situated upon 3.72 acres and was built in 2005. Located in a Neighborhood Shopping Community shadow-anchored by Lowe’s, this building is identified as a class B center with an array of local and regional tenants occupying the center with storefront retail and office space allotting efficiency and effectiveness in traffic flow throughout the property. With 539 FT of frontage on A1A/State Road 200 and 442 FT on O-Neil Scott Rd this property has excellent visibility and curb appeal as it is the first signalized intersection off of Amelia Island. Additionally, this property has multiple points of ingress/egress from O'Neil Scott Rd and A1A/State Road 200, which has an AADT of 41,500 and is the main retail artery connecting the rapidly expanding communities of Yulee and Amelia Island with I-95 and US-17. Over the coming decade (2020-2030), the Bureau of Economic Business & Research predicts that Nassau County will be the sixth fastest-growing county in the State of Florida (by %) with a projected population expansion of 36% resulting in over 121,600 people calling Nassau County home by 2030. The accelerated growth and development directly west/east of this location, most notably the Wildlight master-planned community which will offer 24,000 homes upon buildout, combined with Amelia Island/Fernandina Beach, the area’s epicenter of hospitality and economic activity, provide significant demand for this structure by businesses and consumer alike.

Investment Highlights

  • Excellent Visibility and Curb Appeal Fronting A1A/State Road 200 and O-Neil Scott Rd | 539'/442'
  • Located on the Hard Corner of the First Signalized Intersection Off of Amelia Island
  • Fronts A1A/State Road 200 with 41,500 AADT
  • Fully Stabilized Asset With A Ground Lease Out-Parcel
  • Array Of Tenants Offering Efficiency And Effectiveness In Traffic Flow
  • Located Within Nassau County's Designated Opportunity Zone
  • Located Directly In-Between Significant Construction/Development and Fernandina Beach

Exclusively Listed By

Financing By

Shopping Neighborhood

Amelia Marketplace

Listing Price: $5,352,000

Cap Rate
7.26%
Gross SF
27,889
Rentable SF
27,889
Price/Gross SF
$191.90
Lot Size
3.72 acres
Year Built
2005

Investment Highlights

  • Excellent Visibility and Curb Appeal Fronting A1A/State Road 200 and O-Neil Scott Rd | 539'/442'
  • Located on the Hard Corner of the First Signalized Intersection Off of Amelia Island
  • Fronts A1A/State Road 200 with 41,500 AADT
  • Fully Stabilized Asset With A Ground Lease Out-Parcel
  • Array Of Tenants Offering Efficiency And Effectiveness In Traffic Flow
  • Located Within Nassau County's Designated Opportunity Zone
  • Located Directly In-Between Significant Construction/Development and Fernandina Beach

Investment Overview

Marcus & Millichap is pleased to present Amelia Marketplace, a 28,000 square foot shopping center located on the corner of A1A/State Road 200 and O’Neil Scott Rd in Fernandina Beach, FL 32034. The structure is situated upon 3.72 acres and was built in 2005. Located in a Neighborhood Shopping Community shadow-anchored by Lowe’s, this building is identified as a class B center with an array of local and regional tenants occupying the center with storefront retail and office space allotting efficiency and effectiveness in traffic flow throughout the property. With 539 FT of frontage on A1A/State Road 200 and 442 FT on O-Neil Scott Rd this property has excellent visibility and curb appeal as it is the first signalized intersection off of Amelia Island. Additionally, this property has multiple points of ingress/egress from O'Neil Scott Rd and A1A/State Road 200, which has an AADT of 41,500 and is the main retail artery connecting the rapidly expanding communities of Yulee and Amelia Island with I-95 and US-17. Over the coming decade (2020-2030), the Bureau of Economic Business & Research predicts that Nassau County will be the sixth fastest-growing county in the State of Florida (by %) with a projected population expansion of 36% resulting in over 121,600 people calling Nassau County home by 2030. The accelerated growth and development directly west/east of this location, most notably the Wildlight master-planned community which will offer 24,000 homes upon buildout, combined with Amelia Island/Fernandina Beach, the area’s epicenter of hospitality and economic activity, provide significant demand for this structure by businesses and consumer alike.

Exclusively Listed By

Financing By

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