289 Blanding Blvd Orange Park, FL 32073-4349
Property Lookup
Property profile & analytics
289 Blanding Blvd Orange Park, FL 32073-4349
- Drive through restaurants
- 3,287 SF
- 0.74 lot acres
Property ID
US18-0187956
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Whataburger / Restaurant
Property Details for 289 Blanding Blvd
- Year built
- 1995
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.74 lot acres
- Property size
- 3,287 SF
- Zone code
- BB
- Property type
- Drive through restaurants
- APN
- 07-04-26-011768-000-00
- APU
- 7042601176800000
Description
This exceptional investment opportunity presents a 2,778 square foot Whataburger restaurant located at 289 Blanding Blvd, Orange Park, FL 32073. The property boasts a strong net lease structure with a corporate guarantee from Whataburger and a secondary guarantee from JWB Ventures, significantly mitigating risk. The current lease, a NNN lease, has a remaining term of approximately 4 years, expiring November 30, 2028, with a lease commencement date of August 15, 2008, and a total lease term of 20.3 years. The property sits on a 0.89-acre lot and was built in 1995. The current net operating income (NOI) is $93,170, yielding a 4.75% cap rate with an asking price of $1,961,474 ($706.07 per square foot). The current rent is estimated to be at least 30% below market value, presenting significant future upside potential. The lease includes 10% rental increases every five years during option periods. This dual-guaranteed lease, combined with the below-market rent and potential for future rent increases or redevelopment, makes this a compelling investment with limited downside risk and substantial long-term growth prospects within the competitive Jacksonville, FL MSA. The property enjoys 100% occupancy.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Orange Park
- County
- Clay
- State
- Florida
- Longitude
- -81.7463
- Latitude
- 30.1715
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,769
$428,995
$280,240
$709,235
-
$428,995
$280,240
$709,235
