450 BUSCH DR
Retail | 6.50% CAP | 14,341 SqFt
Marketing description
SVR Commercial LLC as exclusive advisor is privileged to present a value-add retail investment opportunity at 450 Busch Drive in Jacksonville, Florida. This asset offers immediate cash flow with significant upside through lease optimization, rent growth, and strategic repositioning.
Investors can enhance returns by increasing below-market rents, renewing existing tenants at market rates, and improving the center. Additionally, planned property enhancements are expected to drive higher rental revenue and overall asset value. Given the site's visibility and accessibility, the property is well-positioned for long-term appreciation and income growth.
The Property is an easy commute for Jacksonville residents. It is also conveniently located approximately a mile down the road from the Orange Park Mall, and within the retail district that includes many nearby retailers, such as, Amazon, Publix, Sam's Club, Starbucks, Bank of America, United States Postal Service, and many more. This shopping center also has excellent ingress/egress due to easy access to I-95 via Busch Drive or North Main St in the Northside Jacksonville Corridor.
Investment highlights
- Stable income with upside potential
- Value-add opportunity through lease-up and rent growth
- Strong Jacksonville market fundamentals
- Strong visibility and accessibility
- Potential for significant NOI expansion and cap rate compression
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