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22222685
22222686

1311 S Jackson St, Jacksonville, TX 75766

PL
TX TX 522087
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$2,105,000
450 days on market
Updated 24 days ago

Jacksonville Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 16,320
Net Rentable (SqFt) 16,320
Cap Rate 7.75%
NOI $163,149
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $129
Year Built 1999
Acreage 1.100
Investment Type Value Add

Walmart Shadow-Anchored Retail Center: 100% Occupied with NNN Leases: Below Market Rents: $129 psf

Marketing description

Marcus & Millichap is pleased to offer the opportunity to acquire a 16,320-square-foot, multi-tenant retail center located in Jacksonville, Texas. Jacksonville Plaza is currently 100 percent leased, and all leases are on triple-net terms. Anchored by Cato, the tenant base is a complementary mix of largely internet-resistant and service-oriented businesses including 365 Smoke & Vape Shop, Dental Zone, Dynamis Athletics, and Ashroq Financial. The building has a metal roof and is positioned on a 1.1-acre parcel with ample paved parking.

Jacksonville Plaza is located on South Jackson Street (Highway 69), the major north-south thoroughfare of the city. The subject property is easily accessible from multiple ingress and egress points. Traffic counts in front of the property exceed 20,367 vehicles per day. Jacksonville Plaza is shadow-anchored by Walmart Supercenter, driving approximately 2.4 million visits annually. Numerous other national and regional retailers are in the area, including Verizon, Chili's Grill & Bar, Jersey Mike's Subs, Great Clips, Take 5 Oil Change, Cricket Wireless, Subway, Scooter's Coffee, Sonic Drive-In, AT&T, Super 1 Foods, Dollar Tree, Tractor Supply Co., AutoZone Auto Parts, Pizza Hut, Schlotzky's, Chicken Express, Harbor Freight, Atwoods, and many more. National hotel chains in close proximity include Best Western, Holiday Inn, La Quinta Inn & Suites, and Executive Inn. The population exceeds 21,643 residents within a five-mile radius.

Investment highlights

  • 16,320-Square-Foot, Multi-Tenant Retail Center

  • Shadow-Anchored by Walmart Supercenter | High Traffic Driver, Hosting 2.4 Million Visits Annually (Source: Placer.ai)

  • 100% Leased | All Leases are Triple-net

  • Tenant Base is a Complementary Mix of Businesses | Anchored by a Long-Term Lease with CATO (24+ Years) and a New Lease with Dynamis Athletics

  • Current Average Rents are Below Market

  • Building has a Metal Roof

  • Priced at $129 Per Square Foot | Well Below Replacement Cost

  • Located in a Dense Retail Trade Area on South Jackson Street (Highway 69), the City's Major North/South Thoroughfare

  • Traffic Counts in Front of the Property Exceed 20,367 Vehicles per Day

  • Close Proximity to Local School Campuses, Providing Additional Traffic to the Area

  • Jacksonville is the Largest City in Cherokee County, Serving as a Regional Hub for Large Employers and Manufacturers | Part of the Tyler-Jacksonville Combined Statistical Area

Listing Contacts

PL
TX TX 522087
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$163,149.00
$13,595.75/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Philip Levy
License
TX 522087
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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