380 Blanding Blvd Orange Park, FL 32073

This fee-simple retail property in Orange Park, FL, offers a compelling investment opportunity. The 84,180 square foot building, constructed in 1976 and renovated in 2015, is currently 100% occupied by Old Time Pottery under a net-net lease with 10.7 years remaining until expiration. The lease commenced August 1, 2015, and includes two five-year renewal options with a $0.50 per square foot rent increase at the start of each option period. A significant rent bump of 10% is scheduled for August 1, 2025. The property sits on an 8.3-acre lot at a high-traffic intersection of Blanding Boulevard and Loch Rane Boulevard, boasting daily traffic counts of 67,000-91,000 vehicles. This prime retail location is anchored by Publix and Lowe's and is situated near Orange Park High School and a state-of-the-art hospital and medical district. The property's current NOI is $420,900, representing a 6.00% cap rate and a price per square foot of $83.33. The asking price is $7,015,000. The property benefits from favorable zoning for future redevelopment, a dense residential community, and the absence of state income tax in Florida. This below-market rent big box presents a covered land play with significant upside potential for future owners.