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11341 Normandy BlvdJacksonville, FL 32221
The Plaza at Normandy
Asset ClassRetail
overview of deal

Overview

TSCG, acting as exclusive agent on behalf of the Owner, is proud to offer for sale The Plaza at Normandy in Jacksonville, Florida (the “Property”). The Plaza at Normandy is a newly-developed class “A” retail center totaling 58,691 square feet (“SF”) of gross leasable area anchored by Publix Supermarkets, the dominant grocery chain in the Southeast. Publix occupies 46,791 square feet in their new prototype grocery store, which features a drive-thru pharmacy. Publix also leases an adjacent 2,100 SF space for a liquor store. Other tenants at The Plaza at Normandy include Xtreme Wings, Hair Cuttery, Nail Art Studio & Spa, UPS Store and AT&T Wireless. The Property is 100% leased and is being offered free of any financing.

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Investment Highlights

PUBLIX – DOMINANT GROCER IN THE SOUTHEAST U.S.

With approximately 1,380 stores across the Southeastern United States and 894 in Florida, Publix is widely regarded as the dominant grocery store in the region. Publix is a private employee-owned Fortune 500 company with a robust balance sheet and exceptional credit.

 

Publix opened in The Plaza at Normandy in August 2024 and in the last four weeks alone has received 81,200 customer visits, which ranks the store 2nd out of 8 stores within 10 miles and 71st percentile of all stores in Florida.

 

IDEAL LOCATION IN THE GROWING NORMANDY TRADE AREA

The Plaza at Normandy is strategically situated at the signalized intersection of Normandy Boulevard and Chaffee Road South, near the First Coast Expressway (FL-23) and 2.8 miles south of I-10, which leads directly into downtown Jacksonville.

 

There are 54,371 residents within a 10-minute drive from The Plaza at Normandy and the average household income is $96,590. Within a three-mile radius, there are 26,605 residents and the average household income is $106,139 with a median age of 36.7 years.

 

With several residential developments underway and expected nearby, as well as the Cecil Commerce Center development, the residential and workforce population surrounding The Plaza at Normandy will grow substantially.

 

OFFERED FREE AND CLEAR OF FINANCING

The Property is an ideal candidate for new long-term financing.

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11341 Normandy BlvdJacksonville, FL 32221

Sales Team

Anthony BlancoSr. Managing Director of Investment Sales(786) 785-4830anthony.blanco@tscg.com

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Listing provided by Revere CRE