Prime Realty is pleased to present Cassat Center, a newly renovated mixed use property offering festive retail storefront and commercial, office/ warehouse space. Cassat Center is a former rollerskating rink, repurposed into a trophy flex retail center in 2005 along one of Jacksonville's primary retail corridors. The property has eleven leaseable suites, with ten of the suites leased out by eight different tenants. Many of the tenants have a long-term rental history at the center through multiple lease renewals.

This stabilized asset offers investors steady cash flow with the potential to increase revenue through rental growth and by filling the vacant 2,800/SF suite. The property is located along one of Jacksonville's primary auto dealership roads, which attracts many consumers and other businesses.

Location Description:

Located directly on busy Cassat Avenue (Highway 111), it is situated just 2 miles South of the I-10/Cassat Avenue interchange. Just minutes from the expressway system serving Jacksonville, Cassat Center is convenient to the neighborhoods of Riverside, Avondale, Ortega and Cedar Hills.

Highlights:

>> Stabilized investment with creditworthy tenants

>> 8.1% Cap Rate

>> NNN leases

>> High visibility flex center along busy Cassat Ave

>> Staggered leases expirations

>> Long-term rental history

>> 12.38% leveraged cash-on-cash year 1

* Email for additional photos