TIC Investment Opportunity: Avenues North Center - 9357 and 9365 Phillips Highway, Jacksonville, FL 32256

Minimum Investments Starting At $350,000.00

Property Information:

• Property Name: Avenues North Center
• Rentable SqFt: ± 98,749.00
• Purchase Price: $23,800,000.00
• Price per SqFt: $241.02 /sqft
• Equity: $11,500,000.00
• Loan Amount: $12,300,000.00
• Loan-to-Value: 51.68%
• Percent Occupied: 100.00%
• Type: Multi-tenant shopping plaza

Property Description:
Avenues North Center is a newly constructed, multi-tenant shopping plaza strategically located in the center of the dynamic Jacksonville market. Jacksonville currently has one of the strongest retail markets in the country with an average in place occupancy rate of 94.95%. The Property is located approximately one mile north of the 1,000,000 square foot Avenues Mall of Jacksonville.

Top Tenants by Total Rent:
Avenues North is currently 100% occupied with 11 tenants. The noteworthy leaseholders include Bassett Furniture, Sofa Express, and Floors Today. Combined, these three tenants occupy approximately 63% of the net rentable square footage.

Please contact me for a full marketing brochure and further information regarding this investment.