104 College Dr
Orange Park, FL 32065
College Place · Retail Property For Sale

College Place is a 10,065sf value-add, local strip center located in the Orange Park sub-market of Jacksonville, FL. It is currently 55%+/- occupied is is expected to generate a 11.7% pro-forma cap rate at 88% occupancy. Roughly 25% of the current tenant mix has occupied space at the subject in excess of six years. Additionally, the center is approximately 25% below market rent which, coupled with the existing vacancy, provides tremendous upside to the investor. This, coupled with its great physical condition, prime frontage and situation in the sub-market should provide ample opportunity to stabilize and re-position the property very quickly for either a short-term hold, refinancing opportunity or a fairly immediate disposition for profit taking or re-investment in the current market. Other area retailers include, but are not limited to: Walmart, Publix, Marshall's, Dollar Tree, Ace Hardware, Burger King, McDonald's, Sonic, Taco Bell and others.