11 Blanding Blvd, Orange Park, FL 32073-2201
- Grocery and convenience stores
- 2,722 SF
- 0.57 lot acres
Current Use by Public Records
- Shell / Grocery & Convenience Store
- SunSeekers convenience store / Grocery & Convenience Store
- Bitcoin ATM Orange Park-Cryptobase / Atm
Property Details for 11 Blanding Blvd
- Year built
- 1996
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.57 lot acres
- Zone code
- BB
- Property type
- Grocery and convenience stores
- APN
- 06-04-26-010672-011-00
- APU
- 6042601067201100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 27, 2019 | — | Boca Gas Company Holdings 2 | First Coast Energy LLP | Grant Deed | — |
| Nov 27, 2019 | $2,879,000 | Ecm Bg2 Orange Park Fl 1 Ut LLC | Boca Gas Company Holdings 2 LLC | Special Warranty Deed | $2.3M · North American Savings Bank Fsb |
| Mar 25, 2013 | — | First Coast Energy LLP | — | Deed Of Trust · related | $60M · Bank Of America |
| Jan 7, 2004 | $227,500 | First Coast Energy LLP | Motiva Enterprises LLC | Grant Deed · related | — |
Description
This exceptional investment opportunity presents a freestanding Shell-branded gas station and convenience store located at 11 Blanding Blvd, Orange Park, FL 32073. The property boasts a 2,527 square foot building situated on a 0.57-acre lot. Currently operating under a 21-year absolute NNN lease with 16 years remaining (expiring 11/30/2040), the lease commenced on 11/22/2019 and includes two 10-year renewal options. The lease features a strong 2.00% annual rent increase. The property, built in 1996 and renovated in 2020, generates a substantial net operating income (NOI) of $254,292, resulting in a compelling 6.25% cap rate. The asking price is $4,069,000, translating to $1,610.21 per square foot. The property includes 8 gas pumps and benefits from a high-traffic location with 75,000 vehicles passing daily. The surrounding area demonstrates strong demographics, with over 72,000 residents within a 3-mile radius and over 157,000 within 5 miles, boasting an average household income exceeding $73,000 within 3 miles. This is a turnkey investment in a tax-advantaged state, offering significant long-term potential. The tenant is a franchisee, and while no credit rating is provided, the lease structure mitigates risk. This is a rare opportunity to acquire a well-established, high-performing asset in a prime location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Orange Park
- County
- Clay
- State
- Florida
- Longitude
- -81.7388
- Latitude
- 30.1888
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
