8661 OLD KINGS RD S Jacksonville FL 32217-4825

To Download Full Offering Memorandum: https://naihallmark.com/properties/?propertyId=Brierwood-Village-Plaza-8661-8775-Old-Kings-Road-S-Jacksonville-FL-32217-sale

NAI Hallmark, as exclusive advisor, is privileged to present the opportunity to acquire Brierwood Village Plaza, located at 8661-8775 Old Kings Rd S, Jacksonville, Florida (the “Property”). The Property consists of a fully leased multi-tenanted, grocery-anchored retail center totaling 125,857 square feet, an Elliano’s Coffee ground lease, and multiple undeveloped outparcels.

Brierwood Village Plaza’s Winn Dixie anchor was recently selected to be converted to an Aldi (renovations to commence in February 2025). Aldi’s introduction to Brierwood Village will provide a tremendous increase in value and draw a larger, more diverse consumer base. With many current tenants paying below market rent, there is a significant value-add opportunity to increase rent dramatically over time. The shopping center also contains multiple undeveloped outparcels, providing the ability to add value with additional ground leases or the sale of these outparcels.

ALDI TO REMODEL EXISTING WINN-DIXIE SPACE

Beginning February 2025, the 42,240 SF Winn Dixie anchor will be converted into an ALDI. This conversion will offer significant upgrades to the space and the shopping center, including but not limited to, upgrade of the exterior facade, attract more foot traffic to the benefit of other tenants in the shopping center (leading to an increase in market rents), improve creditworthiness of the rent roll, and more.

HIGH BARRIER INFILL LOCATION

Located on the corner of Baymeadows Road (39,500 AADT) and Old Kings Road (15,500 AADT), the Property’s fortress location allows it to be the only major grocer in a two mile radius. Located a quarter mile from US-1, and a mile from Interstate 95, Baymeadows Road is one of the only arterial roads to connect San Jose Boulevard to Jacksonville’s southside.

STABLE CASH FLOW WITH UPSIDE

The Property is currently 100% occupied, providing a stable cash flow for investors. There is still significant upside potential with many tenants having steady rent bumps and others paying below market rent, which will increase dramatically with ALDI as grocery anchor.

E-COMMERCE RESISTANT RENT ROLL

The property has a diversified roster of tenants from a variety of industries, many of which are resistant to the pressures of online shopping, including grocery, fitness, and dining uses.

FAST GROWING MAJOR METRO IN FLORIDA WITH NO STATE INCOME TAX

This offering provides the opportunity to invest in the Jacksonville, FL MSA, which is benefiting from major population and employment growth. Jacksonville has consistently enjoyed some of the largest increases in net population inflow in the entire country for the past several years and was named the #2 hottest job market in America by the WSJ in 2024.