560 Blanding Blvd Orange Park, FL 32073

Property Details for 560 Blanding Blvd

Year built

2000

Construction

STEEL FRAME

Lot size

10.24 lot acres

Property size

109,648 SF

Zone code

BSC

Property type

Outlet malls

APN

13-04-25-020303-009-00

APU

13042502030300900

Description

This exceptional investment opportunity presents a 109,895-square-foot, single-tenant retail property in Orange Park, Florida. The property, built in 2000 and situated on 10.3 acres, is 100% occupied by a credit-rated BJ's Wholesale Club under an absolute NNN lease with significant remaining term. The lease commenced June 30, 2000, and expires July 30, 2033, leaving approximately 8.7 years remaining, with four 5-year options. The property boasts a prominent location on Blanding Boulevard, a major retail corridor with an average daily traffic count of 62,500 vehicles. This high-traffic area is further enhanced by the presence of other significant retailers such as Ross Dress for Less, Bealls, Publix, Lowe's, and Rooms to Go. The asking price is $16,100,000, representing a price per square foot of $146.50 and a 6.00% cap rate. The property generates a net operating income (NOI) of $966,000. The property features a single story building with Commercial: Warehouse Shopping Center zoning. The strong tenant, long lease term, and prime location make this a compelling investment opportunity with minimal landlord responsibilities. The average household income within a three-mile radius is $100,364, and the population within the same radius is 53,419. The property's address is 560 Blanding Blvd, Orange Park, FL 32073.

Location Insight

City

Orange Park

County

Clay

State

Florida

Longitude

-81.75

Latitude

30.154

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments