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1584 Normandy Village Pky
Jacksonville, FL 32221 Normandy Manor

$4,616,000 USD

General Retail For Sale  •  23,813 SF

Property Details

• Property Type General Retail
• Total Building Size 23,813 SF
• Lot Size 3.21 AC
• Building Class C
• Year Built 1988
• Cap Rate 7.70 %
• Tenancy Multiple
• Zoning CCG-1

27 Transit Score

31 Walk Score

Highlights

Significant Value-Add Opportunity: Average on-site rent of $14.73 PSF, while market rents exceed $26 PSF (per Costar).

Attractive Returns: Fully occupied “Medtail” offering at a 7.70% CAP rate with a day 1 cash-on-cash return of 7.61% at asking price.

Proven Tenancy Track Record: Over 78% of the GLA has been occupied at this location since 2012 or earlier, demonstrating strong tenant “stickiness”.

Attractive Lease Structures: All leases are fully Triple Net (NNN), resulting in minimal landlord responsibilities.

High-Growth Area: The Jacksonville, FL MSA is among the fastest-growing nationwide, with a population projected to exceed 2 million by 2035.

Strategically Located: Positioned in a densely populated area with 76,173 residents within a 3-mile radius.

Cap Rate:

7.70 %

Major Tenants

Tenant	SF Occupied	Lease End Date
American Renal Associates
My CroSchool
Mycro School
Physicians Group LLC
Southwest Jacksonville Dialysis Center Llc

Public Transportation

Commuter Rail	Drive	Walk	Distance
Jacksonville (Silver Meteor - Amtrak, Silver Star - Amtrak)	15 min	-	8.3 mi
Airport	Drive	Walk	Distance
Jacksonville International	29 min	-	18.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	216
Type:	Surface
Included in Rent:	Yes