6426 Bowden Road, Jacksonville, FL, USA

Jacksonville, Jacksonville MSA

Google Map

Total Square Feet

±16,575 SF

Asking Price

$4,800,000

Parking Spaces

NOI

$348,675

The asset is currently 100% occupied by a mix of restaurants, boutique stores, event venues, and convenience stores
The center is currently occupied by 11 tenants. The current tenants all have NNN leases, fully reimbursing their pro-rata share of CAM expenses, real estate taxes, and property insurance. NNN leases provides stable cash flow regardless of changes in expenses going forward
The asset has 3.33 Weighted Average Lease Term (WALT) remaining, granting the opportunity to cash flow while re-leasing the upcoming spaces at market rents
The asset is located on the corner of Bowden Road and Salisbury Road with an AADT of 20,200
The property is located 5 miles from Downtown Jacksonville, 5 miles from the University of North Florida, and 0.6 miles from I-95, the primary north-south thoroughfare on the east coast, stretching from Miami to Maine
The center is located in Jacksonville, FL, the 4th Fastest Growing City in the United States (US Census 2024)
Center includes an outparcel currently leased to Thai Spice Kitchen
Potential to redevelop the outparcel for tenants such as banks, dispensaries, or QSR’s