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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.
- 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