20-Year SQRL in Jacksonville MSA
158 Blanding Boulevard, Orange Park, FL, USA Map
Listing Price $3,801,600
| Status | Active |
| Lease Type | Absolute Net |
| Property Type | Net Lease |
| CAP Rate | 6.25% |
| GLA (Sq. Ft.) | 1,920 |
| NOI | $237,600 |
| Lease Term Remaining | 20 Years |
| Increases | 2% Annually |
| Options | 4 x 5 Years |
| State (BOR) | Florida |
| Broker of Record | Ryan Nee |
| License # (BOR) | BK3154667 |
Investment Highlights
- Florida is One of Nine Income Tax Free States
- Well Established Retail Corridor on Blanding Boulevard | Nearby
National Tenants Include Lowe’s, Publix, Sam’s Club, Walgreens,
Radisson, Wyndham, Olive Garden, Buffalo Wild Wings, and Many Others - Robust Traffic Counts on Blanding Boulevard (70,195 VPD) and
One Mile off of I-295 (97,500 VPD) (CoStar, 2022) - As a Rebranded and Renovated Commercial Property, This
Location Can Qualify for Accelerated Depreciation - Thriving Community with Consistent YOY Population Growth and
an Average Household Income of Over $84K within Five Miles of
the Subject Asset, as of 2022 - Subject is 25 Miles from Jacksonville International Airport, Serving
3.2 Million Passengers Annually (www.flyjacksonville.com) - Parks and Outdoor Recreational Facilities Nearby Include:
Pineapple Point, Eagle Harbor Golf Club, Tillie K. Fowler Park,
Florida Yacht Club, Jacksonville Fairgrounds, TIAA Bank Field,
MOCA, and More - Subject is 16 Miles from Downtown Jacksonville with a Population
of 971,319
Investment Overview
Subject is a Prime 1,920 Square-Foot Newly Renovated SQRL on a Half-Acre Lot with Ample Parking, Easy Ingress/Egress, and on a Signalized Hard Corner. Absolute NNN Lease with a 20-Year Base Term Beginning at COE with Zero Landlord Responsibility | 2% Annual Rental Increases, 4 x 5-Year Options.
