Investment Overview

Marcus & Millichap is pleased to present Dunn Ave Plaza, a 42,570 SF unanchored neighborhood center located at 1440 Dunn Avenue Jacksonville, FL 32218. Situated upon 3.37 acres, the three buildings are fronted by a major North Jacksonville retail artery, Dunn Avenue, with 35,000 vehicles per day(VPD). The parking lot has 180 parking spaces and four points of ingress/egress from Dunn Avenue and Biscayne Boulevard. Built in 1984, the structures are 67% occupied, hosting an array of national, regional, and local tenants with suites ranging from 780-4,200 SF. This opportunity is ideal for a value-add investor looking to put forth some sweat equity to lease up the vacancy to realize a pro-forma cap rate in excess of 9.8%. This parcel is less than a mile away from I-95 and within five miles of major employers, the Jacksonville International Airport, and the regional industrial business parks, Imeson Park/Imeson Park South, resulting in demand for substantial residential and commercial inventory to cater to the needs of those nearby.