Anchored Power
8151 Blanding Blvd, Jacksonville, FL 32244
For Sale
Contact for pricing
The center is fully occupied, with tenants operating under triple-net lease structures.
Property Size98,153 SF
Price / SF$126.84
Days on Market34
Property Features for 8151 Blanding Blvd
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Pylon Signage
Anchor Co-Tenants
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
CBRE - Palm Beach County
Listed By:
Robert J. Granda · License FL SL3239108
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 2:51PM
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 CBRE - Palm Beach County
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Blanding Center is a 98,153-square-foot power center at 8151 Blanding Blvd in Jacksonville. Best Buy, Ashley HomeStore, and Boot Barn anchor the retail property. The center is fully leased, and all tenants operate under triple-net lease structures. Best Buy and Ashley HomeStore together account for 80% of gross leasable area; their lease commitments run through March 2032, with contractual rent increases scheduled for 2027. Ownership has replaced rooftop HVAC units and upgraded the exterior facade and pylon sign.
The property sits near the interchange of Blanding Boulevard and Interstate 295. Traffic counts are reported at 90,809 vehicles per day on I-295 and 34,156 on Blanding Boulevard. Nearby retail includes Walmart, Target, and the Argyle Village retail corridor.
The property sits near the interchange of Blanding Boulevard and Interstate 295. Traffic counts are reported at 90,809 vehicles per day on I-295 and 34,156 on Blanding Boulevard. Nearby retail includes Walmart, Target, and the Argyle Village retail corridor.
Key Highlights
- 98,153‑square‑foot power center in Jacksonville
- 100% leased with tenants on triple‑net lease structures
- Best Buy and Ashley HomeStore represent 80% of gross leasable area; commitments extend through March 2032
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,113,055
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,261,100
$22.3M
Cap Rate 7%
$15,900,786
$15.9M
Cap Rate 9%
$12,367,278
$12.4M
Market Conditions
NOI Build-Up for 98,153 SF
Gross rent
$1.77M $18.00/SF
− Vacancy
−$176.7K −$1.80/SF
EGI
$1.59M $16.20/SF
− OpEx
−$477.0K −$4.86/SF
NOI
$1.11M $11.34/SF
Area
ZIP 32244
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,261,100
Cap Rate 7%
$15,900,786
Cap Rate 9%
$12,367,278
Alternative Uses
Best Use
Retail
$15.90M
$13.91M – $18.55M
NOI $1,113,055 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.18M
$22.91M – $30.55M
NOI $1,832,713 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
343k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 19%
Electronics 10%
Home Improvements & Furnishings 8%
Five Below
Shops & Services
44,988 visits/mo
0.5 miles
Wawa
Shops & Services
44,550 visits/mo
0.3 miles
Sam's Club Gas Station
Shops & Services
40,778 visits/mo
0.4 miles
Best Buy
Electronics
35,275 visits/mo
0.1 miles
McDonald's
Dining
25,697 visits/mo
0.4 miles
Demographics for 32244, FL
63,292
Population
26,250
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
92%
High-School Grad
23.6 sq mi
ZIP Area
2,682
Density / Sq Mi
$61,652
Median Household Income
$39,064
Median Earnings
$1,366
Median Rent
$221,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Shopping centers in Jacksonville
Vacancy Rate% for Retail in Jacksonville, FL
Similar Off Market Nearby
- Argyle Village Shopping Center — 6001 Argyle Forest Blvd, Jacksonville, FL 32244
- Colton's Shop — Whispering Pines Dr, Jacksonville, FL 32244
- Westland Park Plaza — 6000 Lake Gray Blvd, Jacksonville, FL 32244
- Crossroads Shopping Center — 8102 Blanding Blvd, Jacksonville, FL 32244
Frequently Asked Questions
What type of property is this?
Shopping center - The center is fully occupied, with tenants operating under triple-net lease structures.
Where is this shopping center located?
The property is located at 8151 Blanding Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $12,450,000.
What are key features of this property?
This property features: 98,153‑square‑foot power center in Jacksonville; 100% leased with tenants on triple‑net lease structures; Best Buy and Ashley HomeStore represent 80% of gross leasable area; commitments extend through March 2032
