University Center South Shopping Center — Sale in Jacksonville, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Jacksonville, FL 32216

Photos

University Center South Shopping Center — Sale in Jacksonville, FL, photo 1 of 2
University Center South Shopping Center — Sale in Jacksonville, FL, photo 2 of 2

Investment Figures

Cap rate
7.03%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

University Center South is a 43,530-square-foot neighborhood retail center strategically located in the heart of Jacksonville, Florida. The Property is currently 75% occupied and benefits from exceptional visibility and accessibility, with exposure to more than 44,000 vehicles per day and approximately 420 feet of direct frontage along University Boulevard, a major four-lane east-west commercial corridor. The Property underwent a comprehensive renovation in 2024 and is in excellent physical condition. As part of the improvements, new roofs were installed on all three buildings in 2024, providing significant long-term capital expenditure protection. University Center South is situated on a 3.69-acre parcel and offers convenient access from two separate entry points, including a signalized intersection at Terry Road. The Property also provides an attractive 5.0 parking spaces per 1,000 square feet parking ratio, enhancing convenience for tenants and their customers. The center is anchored by a diverse mix of established tenants, including a top-performing Firehouse Subs, which has operated at the Property for more than 30 years, demonstrating the center's longstanding appeal to both tenants and consumers. University Center South benefits from a highly strategic Jacksonville location, positioned less than one mile from Interstate 95 and within minutes of Downtown Jacksonville, Florida Memorial Hospital, Interstate 10, and the Atlantic Ocean beaches. University Boulevard serves as a key commercial artery connecting the St. Johns River to the I-95 interchange before continuing north through Arlington and past Jacksonville University. The corridor provides connectivity to several major thoroughfares, offering convenient access between Downtown Jacksonville and the City's prominent residential and commercial districts, including the Beaches, Southside, and areas along Atlantic and Beach Boulevards. With its high-traffic location, prominent University Boulevard frontage, r

Market Context

This retail in Jacksonville, FL is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Jacksonville, FL — view the full market.

As of Q1 2026, the Jacksonville retail market showed a 5.1% vacancy rate, average asking rents near $26.08/SF/yr, and rents up 1.7% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Jacksonville retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).

Estimated Price per SF

$44.01/SF – $320.06/SF

Mid: $133.36/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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