Single-Tenant Walgreens
For Sale
Contact for pricing
Pending
42 Blanding Blvd, Orange Park, FL 32073
Single-tenant Walgreens with a 15-year absolute NNN lease and scheduled rent bumps every five years.
Property SizeContact for details
Days on Market147
Property Features for 42 Blanding Blvd
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
92,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
JLL Phoenix
Listed By:
Nick Franklin · License #AZ0138
(602) 282-6300
Source:
Crexi
Added: Apr 11
Changed: Aug 27
Last Checked: Aug 31 at 2:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Phoenix
Investment Insights
Based on property information with market context.
This offering features a single-tenant Walgreens property structured on an absolute NNN basis. The asset is presented with a 15-year lease term, including 5.0% rent bumps every five years throughout the base term and options. Following the initial in-place term, there are twelve (12) additional five-year extension options. The seller’s remarks also describe the structure as providing long-term cash flow with zero landlord responsibilities.
The property is located at 42 Blanding Boulevard on a hard corner of Wells Road and Blanding Boulevard off I-295, with prime exposure to over 92,000 vehicles per day (per Placer.ai). It sits on an out-lot of Orange Park Mall, which is described as a top-performing shopping center with 3.7 million visitors annually (Placer.ai). The surrounding corridor includes numerous retailers, apartment complexes, schools, hospitals, and the Naval Air Station Jacksonville, and the remarks cite strong reported sales of $4.4 million (RX excluded).
The property is located at 42 Blanding Boulevard on a hard corner of Wells Road and Blanding Boulevard off I-295, with prime exposure to over 92,000 vehicles per day (per Placer.ai). It sits on an out-lot of Orange Park Mall, which is described as a top-performing shopping center with 3.7 million visitors annually (Placer.ai). The surrounding corridor includes numerous retailers, apartment complexes, schools, hospitals, and the Naval Air Station Jacksonville, and the remarks cite strong reported sales of $4.4 million (RX excluded).
Key Highlights
- Single‑tenant Walgreens at 42 Blanding Boulevard, on the hard corner of Wells Road and Blanding Boulevard off I‑295
- Reported sales: $4.4 million (RX excluded)
- 15‑year absolute NNN lease with 5.0% rent bumps every 5 years in the base term and options
Property Analytics
Property Profile
Current Use
Lease Details
92,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
174k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 50%
Shops & Services 21%
Home Improvements & Furnishings 18%
Dining 9%
T.J. Maxx
Apparel
45,933 visits/mo
0.3 miles
Burlington
Apparel
40,909 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
31,175 visits/mo
0.4 miles
Michaels
Shops & Services
24,141 visits/mo
0.4 miles
Dick's Wings & Grill
Dining
7,492 visits/mo
0.5 miles
Demographics for 32073, FL
43,527
Population
17,301
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
92%
High-School Grad
16.8 sq mi
ZIP Area
2,591
Density / Sq Mi
$76,139
Median Household Income
$40,947
Median Earnings
$1,392
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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- Teal City — 120 Saturn Ln E, Orange Park, FL 32073
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- Empress Energy seamoss OP MALL — 1910 Wells Rd, Orange Park, FL 32073
- SniffMyArse Pharmacy — 251 Aquarius Concourse, Orange Park, FL 32073
Frequently Asked Questions
What type of property is this?
Drug store - Single-tenant Walgreens with a 15-year absolute NNN lease and scheduled rent bumps every five years.
Where is this drug store located?
The property is located at 42 Blanding Blvd Orange Park, FL.
What are key features of this property?
This property features: Single‑tenant Walgreens at 42 Blanding Boulevard, on the hard corner of Wells Road and Blanding Boulevard off I‑295; Reported sales: $4.4 million (RX excluded); 15‑year absolute NNN lease with 5.0% rent bumps every 5 years in the base term and options
