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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
Service Station
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

Buffalo Wild Wings
Bank of America
Red Lobster
Crunch
Kidstrong
Planet Fitness
PNC Bank
Denny's
Carrabba's Italian Grill
Mission BBQ

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-04-26-010672-011-00
Land Assessment
$371,250
Improvements Assessment
$248,516
Total Assessment
$619,766
  • Listing ID: 33145764

  • Date on Market: 9/11/2024

  • Last Updated:

  • Address: 11 Blanding Blvd, Orange Park, FL 32073

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