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Sonic 908 Blanding Blvd 1,567 SF Retail Building Orange Park, FL 32065 $1,323,148 ($844.38/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New Long-Term Lease
- Attractive Annual Rental Increases
- Strong Franchisee Guarantee
- Income Tax Free State
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Sonic located at 908 Blanding Blvd, Orange Park, FL 32065. The site consists of roughly 1,567 rentable square feet of building space on an estimated 0.91-acre parcel of land. This Sonic is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2025. The current annual rent is $69,465 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,567 SF
Building Class
B
Year Built
2002
Price
$1,323,148
Price Per SF
$844.38
Cap Rate
5.25%
NOI
$69,465
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.91 AC
Zoning
BB
Frontage
163’ on Blanding Blvd
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23-04-25-020392-008-05 | Improvements Assessment | $260,860 |
| Land Assessment | $596,250 | Total Assessment | $857,110 |
PROPERTY TAXES
Parcel Number
23-04-25-020392-008-05
Land Assessment
$596,250
Improvements Assessment
$260,860
Total Assessment
$857,110
CONTACTS
-
Glen Kunofsky -
Kyle Karsian -
Patrick Finn -
Walker Stevens -
Christopher Marks -
Surmount
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Sonic | 908 Blanding Blvd
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