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317 Blanding Blvd 39,919 SF Retail Building Orange Park, FL 32073 $5,693,062 ($142.62/SF) 6.50% Cap Rate
Investment Highlights
- Subject property has cross easements with an adjacent 75,000± SF shopping center that has 412 parking places and received a $5,000,000 redevelopment
- The 40,000± SF freestanding building has excellent visibility from Blanding Boulevard
- Landlord is responsible for roof and exterior walls: installed a new roof in 2023, which has a 20-year transferrable roof warranty
- Located on Blanding Boulevard with access for the subject property to the traffic light at Blairmore Boulevard and with 7 curb cuts
- Traffic count: 59,500± AADT - strategically located on Jacksonville’s busiest retail corridor, Blanding Boulevard
- The building is constructed with masonry/concrete exterior walls for long term structural stability
Executive Summary
Investment Opportunity | Single Tenant NNN Retail Asset
The subject property is 3.488± acres of land and 40,000± SF building (250'x160') and is occupied by a single tenant, church campus for The Church of Eleven22.
The subject property is 3.488± acres of land and 40,000± SF building (250'x160') and is occupied by a single tenant, church campus for The Church of Eleven22.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
39,919 SF
Building Class
C
Year Built
1987
Price
$5,693,062
Price Per SF
$142.62
Cap Rate
6.50%
NOI
$370,049
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
3.49 AC
Zoning
BB
Parking
210 Spaces (5.26 Spaces per 1,000 SF Leased)
Frontage
170’ on Blanding Blvd
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-04-26-011759-005-00 | Improvements Assessment | $1,449,406 |
| Land Assessment | $1,633,323 | Total Assessment | $3,082,729 |
Property Taxes
Parcel Number
07-04-26-011759-005-00
Land Assessment
$1,633,323
Improvements Assessment
$1,449,406
Total Assessment
$3,082,729
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317 Blanding Blvd
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