5435 Blanding Blvd
Jacksonville, FL 32244

Albertsons / Rowe’s Retail Shopping Plaza and Thunderbird Mobile Home Park present an investor with a unique opportunity to acquire a stabilized asset that has major upside potential. The property is located in Jacksonville, Florida and the parcel is exposed to one of the busiest intersections in the area with an ADT count of approximately 44,000. There are several entities involved: • Albertsons /Rowe’ Supermarket • The Thunderbird Mobile Home Park • Six (6) Retail Rental Stores • Potential addition for Self-Storage Facility The Thunderbird Mobile Home Park is on approximately 6 acres that accommodate 68 lots, which include 23tenant owned units, 16 park owned units and one manager owned unit. There are currently 28 vacant lots which presents a tremendous opportunity for additional units. The owner anticipates 100% occupancy in the near future due to the current growth in the West Jacksonville area Albertsons / Rowe’s Supermarket is a total one stop grocery store. It’s a 65,000 sq. ft. building with a base area of 43,518 sq.ft. (under air). Rowe’s is one of a chain of 6 stores in the Jacksonville area. The store operated under the brand name of Albertson’s for 28 years until it was taken over by Rowe’s in 2005. There was a 25 year ground lease signed by Albertsons , with five(5), five (5) year options, with the lease guaranteed by Albertsons. In 2017 there will be an increase in rent of $500.00/mo. We believe that the anticipated increase is below the current market rental rates for the area. The Six (6) Retail Stores are located in the Rowe’s plaza. They have a west exposure and face Blanding Blvd. There’s also a CVS Pharmacy adjacent to the retail stores. A self-storage facility would be a tremendous upside for this site. The property sits on a total of 10 acres. 5+ acres accommodate the mobile home park, and the other 4+ acres are used for the Supermarket and the six (6) retail stores on the property. Additionally, the demographics in the area are strong with a projected growth rate of around 5 percent over the next few years. The property is close to schools, shopping centers, hospitals, fire and police departments and major highways.