380 Blanding Blvd - Freestanding FOR SALE


Orange Park, FL 32073
$6,013,000 USD
508-272-0585
380 Blanding Blvd, Orange Park, FL for Sale
$6,013,000 USD
Freestanding - FOR SALE
1/17
null | 7% Cap Rate

380 Blanding Blvd
Orange Park, FL 32073


OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Old Time Pottery located in Orange Park, Florida. This 84,180 SF asset has been 100% occupied by Old Time Pottery since 2015. The property benefits from signage and exceptional location at the signalized intersection of Blanding Boulevard (74,500 VPD) and Loch Rane Boulevard (12,300 VPD). Old Time Pottery executed a long-term 20-year NN lease in 2015 and exercised their first renewal option, giving them term through July 2035. The lease includes $0.50 PSF rent escalations every 5 years throughout the initial term and at the beginning of each option period. Old Time Pottery currently pays $420,900 with the next escalation in August 2025, bringing the NOI to $462,990 and boosting near term investor returns. The lease also calls for two (2), five (5) year options.

FOR SALE DETAILS

PRICE

$6,013,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Old Time Pottery

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

430

LAND DETAILS

LAND ACRES

7.1 AC

LAND SF

309,276 SF

ZONING

BB

APN/PARCEL ID

12-04-25-020297-001-01

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.