Shell | 11 Blanding Blvd
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Shell 11 Blanding Blvd
2,527 SF Retail Building Orange Park, FL 32073 $4,069,000 ($1,610/SF) 6.25% Cap Rate
Investment Highlights
- 21-Year Absolute NNN Lease
- 2.00% Annual Increases
- 157,000+ Population within 5-Miles
- Three Guarantors ($70MM+ Net Worth)
- 28-Unit Operating LLC
- Two, 10-Year Options
Executive Summary
Embree Capital Markets is pleased to offer for sale to qualified investors a unique freestanding Shell gas stations and convenience stores. This is an opportunity for an investor to acquire well-located gas stations in a personal income tax-free state. The subject property received various property renovations in 2020. The absolute NNN leases feature 2.00% annual increases during their 21-year primary term and features two, 10-year extension options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,527 SF
Building Class
C
Year Built
1996
Price
$4,069,000
Price Per SF
$1,610
Cap Rate
6.25%
NOI
$254,292
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
0.57 AC
Zoning
BB - INTERMEDIATE BUSINESS DISTRICT
Parking
12 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
140 FT on Blanding Blvd
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 06-04-26-010672-011-00 | Improvements Assessment | $248,516 |
Land Assessment | $371,250 | Total Assessment | $619,766 |
PROPERTY TAXES
Parcel Number
06-04-26-010672-011-00
Land Assessment
$371,250
Improvements Assessment
$248,516
Total Assessment
$619,766
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Shell | 11 Blanding Blvd
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