Retail Space
8299 West Beaver Street Jacksonville, FL 32220
Details & Description
Price: $5,650,000
    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.Rowe's recently renewed its lease for 5 years and spent $350,000 renovating the space including new floors, lighting and repainting
    Property Highlights
     Jacksonville, Florida grocery anchored shopping center priced at $5,650,000 $87RSF with 10 cash on cash return
     93 of GLA occupied by nationalregional tenants, with 8 of 10 tenants occupying their space for 8 years
    Additional Photos
    Listing Agents
    Drew Kristol

    O: 786-522-7065
    drew.kristol@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    8299 West Beaver Street

    Jacksonville, FL 32220

    Listing ID: 275632
    • 8299 West Beaver Street Jacksonville, FL 32220 | for Sale | Photo 1
    • 8299 West Beaver Street Jacksonville, FL 32220 | for Sale | Photo 2
    • 8299 West Beaver Street Jacksonville, FL 32220 | for Sale | Photo 3
    • 8299 West Beaver Street Jacksonville, FL 32220 | for Sale | Photo 4
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    8299 West Beaver Street | for Sale | Thumbnail 2
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    8299 West Beaver Street | for Sale | Thumbnail 4
    Building Size: 64,736 SF
    Lot Size: 10.300 AC
    Land Size: 448,668 SF
    Building $/SF: $87.28
    Land $/SF: $12.59
    Price
    $5,650,000
    Property Highlights
    Jacksonville, Florida grocery anchored shopping center priced at $5,650,000 $87RSF with 10 cash on cash return
    Additional land allows for additional development of the property
    Anchored by Rowes IGA Supermarket with $396SF in store sales
    Rowes 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 nationalregional tenants, with 8 of 10 tenants occupying their space for 8 years
    Description

    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.

    Rowe's recently renewed its lease for 5 years and spent $350,000 renovating the space including new floors, lighting and repainting

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Jacksonville History of Retail Space for Sale

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    Jacksonville Area Market Trends

    Listing Demographics for 8299 West Beaver Street Jacksonville, FL 32220

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population3,26332,627110,499
    Population Median Age403736
    Population by Age0-9 Yrs293 (8%)4683 (14%)16646 (15%)
    10-19 Yrs516 (15%)4491 (13%)14298 (12%)
    20-29 Yrs419 (12%)4345 (13%)15256 (13%)
    30-39 Yrs388 (11%)3994 (12%)15476 (14%)
    40-49 Yrs436 (13%)4019 (12%)13832 (12%)
    50-59 Yrs523 (16%)4704 (14%)15065 (13%)
    60-69 Yrs391 (11%)3482 (10%)11532 (10%)
    70+ Yrs298 (9%)2909 (8%)8394 (7%)
    Median HH Income$53,958$54,941$48,388
    Total Household Income< 24K199 (16%)2228 (19%)9892 (24%)
    25-49K379 (30%)2969 (25%)10876 (27%)
    50-74K255 (20%)2661 (23%)8308 (20%)
    75-99K205 (16%)1620 (14%)4966 (12%)
    100-199K171 (13%)1758 (15%)5418 (13%)
    200K+27 (2%)315 (2%)815 (2%)
    Highest Education LevelNo Diploma266311010946
    Diploma or GED936837326817
    Some College465462016679
    Assoc. Degree21022787045
    Bachelors Degree31524768598
    Higher Degree356953396
    Total Housing Units1,35712,72145,514
    --Owner-Occupied9287,85723,568
    --Renter-Occupied3083,69516,707
    Owner-Occupied Values< 100K41826828754
    100-199K41735939991
    200-299K5011303569
    300-399K16244678
    400-499K392260
    500K+25114317
    Total Working Age Population2,66325,13084,847
    In Work Force1,70315,42954,066
    Not In Work Force9599,70230,781
    Workforce Employed1,57914,31749,744
    Workforce Unemployed1219794,017
    Civlian Workforce1,70015,29553,762
    Military Workforce3133304
    Total Households1,23711,55140,275
    Family Households8498,04925,875
    Non-Family Households3873,50214,400
    Married Couple5895,32515,440
    Other Family2602,72410,436
    Married w/Child1892,0345,560
    Single Male w/Child23491,255
    Single Female w/Child921,0874,320

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
    Duval County778,879+11864,263+14981,852+121,095,165
    Nassau County57,663+2773,314+1886,416+18102,124

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

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    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 8299 West Beaver Street in Jacksonville?
    The asking price for 8299 West Beaver Street is $5,650,000
    What is the building size of this Retail property in Jacksonville, FL?
    The size of the building/unit at 8299 West Beaver Street in Jacksonville is 64,736 square feet
    How much land does the Jacksonville, FL property at 8299 West Beaver Street include?
    8299 West Beaver Street in Jacksonville includes 10.300 acres of land
    What kind of Retail is the propery at 8299 West Beaver Street?
    The property at 8299 West Beaver Street Jacksonville, FL 32220 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 8299 West Beaver Street in Jacksonville?
    The population within 1 mile of 8299 West Beaver Street Jacksonville, FL 32220 is 3,263 people.
    Who do I contact for questions about 8299 West Beaver Street?
    You should contact the listing agent, Drew Kristol , for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Jacksonville International Airport (JAX) 13
    Daytona Beach International Airport (DAB) 90
    Orlando Sanford International Airport (SFB) 112