Asking Price Contact for pricing
Area Size
NOI Net Operating Income
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2004
Building Area Gross
Land Area Gross ()
Occupancy 94.0 %

Property description

JLL CAPITAL MARKETS, as exclusive broker, is pleased to offer the exceptional opportunity to acquire CB Square, a 73,100 square foot shopping center grocery-anchored by Aldi and a category-leading furniture tenant Ashley HomeStore Outlet, located at the bustling intersection of Southside Boulevard and Atlantic Boulevard in Jacksonville, Florida.​

Investment highlights

  • ​Grocery-Anchored by Aldi with 100% of Property Revenue Generated by Category-Leading National Tenants 
  • ​Strong Renewal History as 4 of 6 Tenants Have a Tenure of Over 17 Years and Have Renewed at Least Two Times 
  • ​In-Fill, High-Density Location 6 Miles East of Downtown Jacksonville with 89,000 Residents Within 3 Miles 
  • ​Jacksonville MSA – 1.7 Million Residents Representing 20% Growth Since 2010 
  • ​Super-Regional Connectivity at the Confluence of Atlantic Boulevard, Southside Boulevard, & Arlington Expressway (157,000 VPD Combined) with Nearby Access to Interstate-295, Creating Ideal Connectivity to Downtown Jacksonville, Jacksonville International Airport, Jacksonville Beach, and the Entire MSA 
  • ​Low Weighted Average Anchor Base Rent of $6.38 PSF Will Result in Ideal Deal Size and Substantially Below Replacement Cost Pricing (< $175 PSF)
  • ​Strong Health Ratios of Approximately 8.5% for Mattress Firm and Moe’s Southwest Grill 
  • ​Ideally Situated Outparcel Strip Building Along Atlantic Boulevard (52,500 VPD) with Established Food & Beverage Tenants, Creating Ideal Cross-Shopping 
  • ​Outdoor Seating for All Restaurant Tenants Paired with a Drive Thru for Panera Bread 
  • ​Highly Sought-After Internet Resistant Merchandising Mix Oriented Towards Grocery, Furniture, and Food & Beverage 
  • ​Excellent Visibility Along Atlantic Boulevard (52,500 VPD) and Two Points of Ingress / Egress


Last Updated Date: 01 Dec 2021

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Last Updated Date: 01 Dec 2021

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