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Sonic 908 Blanding Blvd 1,567 SF Retail Building Orange Park, FL 32065 $1,830,430 CAD ($1,168.11 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New Long-Term Lease
- Attractive Annual Rental Increases
- Strong Franchisee Guarantee
- Income Tax Free State
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Sonic located at 908 Blanding Blvd, Orange Park, FL 32065. The site consists of roughly 1,567 rentable square feet of building space on an estimated 0.91-acre parcel of land. This Sonic is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2025. The current annual rent is $69,465 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,567 SF
Building Class
B
Year Built
2002
Price
$1,830,430 CAD
Price Per SF
$1,168.11 CAD
Cap Rate
5.25%
NOI
$96,097 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.91 AC
Zoning
BB
Frontage
163’ on Blanding Blvd
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23-04-25-020392-008-05 | Improvements Assessment | $367,839 CAD |
| Land Assessment | $840,772 CAD | Total Assessment | $1,208,611 CAD |
PROPERTY TAXES
Parcel Number
23-04-25-020392-008-05
Land Assessment
$840,772 CAD
Improvements Assessment
$367,839 CAD
Total Assessment
$1,208,611 CAD
CONTACTS
-
Glen Kunofsky -
Kyle Karsian -
Patrick Finn -
Walker Stevens -
Christopher Marks -
Surmount
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Sonic | 908 Blanding Blvd
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