Single-Tenant Walgreens
42 Blanding Blvd Orange Park, FL 32073
42 Blanding Blvd, Orange Park, FL, 32073
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For Sale
Contact for pricing
Pending
Single-tenant Walgreens with a 15-year absolute NNN lease and scheduled rent bumps every five years.
Days on Market102
Property Features for 42 Blanding Blvd
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
JLL Chicago | Americas Headquarters
Listed by
Alex Sharrin · License #IL 475.170243
Source
Crexi
Added: Apr 11 Updated: Jul 20 at 8:55PM Checked: Jul 21 at 9:21AM
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 Chicago | Americas Headquarters
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
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Sheree T. Jones, ...
Pharmacy
LibertyX Bitcoin ATM
Atm
Redbox
Cinema
FedEx OnSite
Postal Service
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FAQs
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
