Anchored Shopping center

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Anc hore d Shoppi ng C en t er
‌33 Arlington Road South � Jacksonville, Florida �‌ for Sale: Value Add Opportunity
Offered by
The Kern Company
Licensed Real Estate Broker
on behalf of PSK Atlantic, LLC
Presented Exclusively By
The Kern Company
Licensed Real Estate Broker
Con tact In form ation
Brendan Fisher, Realtor • Cell: 305-989-5626 • [email protected]
investment overview
Shopping Center Data
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65,296 sqft. Shopping Center for sale
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45,204 sqft. Winn Dixie with 6 years left on lease plus four (4) five year tenant options
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8,400 Square Foot Pinch-A-Penny (pool, patio spa store). Tenant and Landlord extended lease
for 5 years in May, 2013
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11,692 square feet of vacant space
Location Details
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Address: 33 Arlington Road South, Jacksonville, FL
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Arlington Road / Atlantic Boulevard area is retail corridor that serves the greater metro area
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Less than 3 miles to Arlington Expressway (Route 115)
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74,000 Vehicles Per Day
Financial summary
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Current NOI = $258,965
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Potential NOI = $350,781 (11,934 square feet at $6.45 per square foot NNN plus expense
recapture)
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Property Offered at 8 Cap on current NOI for a sales price of $3,237,073
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Value add opportunity by leasing vacant space. Buyer will realize additional value from Winn
Dixie Rent Increase in 2014 (see rent roll)
Recent Renovations
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Parking lot sealed and striped in May, 2013.
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Upgraded lighting package installed May, 2013.
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Lighting specifications available upon request
The Kern Company � 3