Log In/Sign Up
Your email has been sent.
Truist (Jacksonville, FL MSA) 296 Blanding Blvd 7,355 SF Retail Building Orange Park, FL 32073 $3,659,460 CAD ($497.55 CAD/SF) 6.02% Cap Rate
Investment Highlights
- Ground Lease With 6.8 Years Remaining
- Positioned Within Orange Park’s Primary Retail (Orange Park Mall) and Healthcare (HCA Florida Orange Park Hospital) Corridor
- Large 1.36-Acre Parcel With Four-Lane ATM Drive-Thru
- Excellent Access and Visibility Along Blanding Boulevard (65,000 VPD)
- Dense and Growing Trade Area With 149,623 Residents and 112,396 Daytime Employees
- Located Within the Jacksonville MSA (Population: 1.7 Million)
Executive Summary
Offered for sale is a Truist Bank ground lease in Orange Park, Florida. The 1.36-acre site features a four-lane drive-thru and has operated continuously as a bank branch since 1992 — first under BB&T, then Truist following the 2019 merger with SunTrust — representing 34 years of uninterrupted occupancy at this location. The property fronts Blanding Boulevard at 65,000 vehicles per day, one of Clay County's highest-traffic commercial corridors. The surrounding five-mile trade area supports 149,623 residents and 112,396 daytime employees, with average household incomes exceeding $100,000. Ryan Nee; Florida Broker of Record; 5900 N Andrews Ave., Ste. 100; Fort Lauderdale, FL 33309; (954) 245-3400: Lic#: BK3154667
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
7,355 SF
Building Class
B
Year Built
1997
Price
$3,659,460 CAD
Price Per SF
$497.55 CAD
Cap Rate
6.02%
NOI
$220,265 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.36 AC
Zoning
BB
Parking
33 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
162’ on Blanding Blvd
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-04-26-012909-004-00 | Improvements Assessment | $837,146 CAD |
| Land Assessment | $1,341,130 CAD | Total Assessment | $2,178,276 CAD |
Property Taxes
Parcel Number
07-04-26-012909-004-00
Land Assessment
$1,341,130 CAD
Improvements Assessment
$837,146 CAD
Total Assessment
$2,178,276 CAD
Contacts
-
Vincent Knipp -
Luke Sullivan -
Ryan Wolf -
Knipp Wolf Net Lease Group | Marcus & Millichap
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Truist (Jacksonville, FL MSA) | 296 Blanding Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.