296 Blanding Blvd Orange Park, FL 32073
Ground lease opportunity on a four-lane drive-thru bank site on a major commercial corridor in Orange Park, Florida.
Property Features for 296 Blanding Blvd
General Information
- Standard status
- Active
- Size
- 7,355 SF
- Property subtype
- Bank
Listing office Marcus & Millichap | Dallas Uptown (972) 755-5198
Listing date Jul 15, 2026
Source Marcusmillichap
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Investment Insights
Based on property information with market context.
The site fronts Blanding Boulevard with reported traffic of 65,000 vehicles per day, along one of Clay County’s highest-traffic commercial corridors. The surrounding trade area includes 149,623 residents and 112,396 daytime employees within five miles, with average household incomes exceeding $100,000.
The offering is presented as a ground lease, with the property already in active, long-term bank use.
Key Highlights
- 1.36‑acre Truist Bank ground lease site in Orange Park, FL.
- Four‑lane drive‑thru bank location with continuous operation as a branch since 1992.
- Uninterrupted occupancy at this location since 1992 (BB&T, then Truist after 2019 merger with SunTrust).
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.4k | $18.00 |
| − Vacancy | −$13.6k | −$1.85 |
| EGI | $118.8k | $16.15 |
| − OpEx | −$29.7k | −$4.04 |
| NOI | $89.1k | $12.11 |
