Old Time Pottery | 380 Blanding Blvd
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Old Time Pottery 380 Blanding Blvd
87,466 SF 100% Leased Retail Building Orange Park, FL 32073 $6,013,000 ($69/SF) 7% Cap Rate
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
87,466 SF
Building Class
C
Year Built/Renovated
1976/2015
Price
$6,013,000
Price Per SF
$69
Cap Rate
7%
NOI
$420,910
Percent Leased
100%
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.28
Lot Size
7.10 AC
Zoning
BB - General Business
Parking
430 Spaces (4.89 Spaces per 1,000 SF Leased)
Frontage
218 FT on State Rd 21
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-04-25-020297-001-01 | Improvements Assessment | $1,263,420 |
| Land Assessment | $2,807,963 | Total Assessment | $4,071,383 |
PROPERTY TAXES
Parcel Number
12-04-25-020297-001-01
Land Assessment
$2,807,963
Improvements Assessment
$1,263,420
Total Assessment
$4,071,383
CONTACTS
-
Eric Suffoletto -
David Hoppe -
Danny Griffin -
Ben Olmstead -
Matt Austin -
Atlantic Capital Partners
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Old Time Pottery | 380 Blanding Blvd
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