80 Blanding Blvd
80 Blanding Blvd Orange Park, FL 32073
- 12,818 Square Feet
- For Sale
Sean Glickman, CCIM, with the Milano–Glickman Retail Team and Executive Managing Director at Colliers International is proud to offer for sale 80 Blanding a 12,818 SF unanchored strip center that is 100% occupied by three quality regional tenants with triple net leases. The property is strategically located directly across the street from the 953,000 SF Orange Park Mall and positioned alongside many other national retailers. In addition to an ideal tenant mix, the property boasts excellent frontage and visibility along Blanding Blvd. which sees nearly 65,000± VPD. This is a unique opportunity to acquire a fully stabilized strip center in the Jacksonville MSA.
Dense Retail Corridor with Regional Draw
- Directly across the street from the Orange Park Mall, a 953,000 SF enclosed mall built in 1975 that features over 120 retailers and is anchored by Dillard’s, JCPenney, Sears, Belk, Dick’s Sporting Goods, and AMC Theatres.
- The mall is owned by the Washington Prime Group (NYSE: WPG).
- The location benefits from regional draw as it is one (1) mile away from Interstate 295, the beltway around the entire city of Jacksonville.
- There is an agglomeration of national retailers that creates great synergy.
Excellent Frontage, Access and Visibility Along Busy Roadway
- There is roughly 143 feet of frontage along Blanding Blvd, which sees 65,000± VPD.
- There is an access point directly in front of the property.
- On the main road with unobstructed visibility.
New Leases with Favorable Terms
- Mattress One (52% of the GLA) signed a ten (10) year lease in 2015.
- Michael’s Bridal & Formalwear and Surterra Wellness both have brand-new five (5) year leases.
- There are built-in rent increases during the term of the leases.
- All leases are triple net (NNN), protecting the owner from expense increases.
- The purchaser will benefit from consistent and stable cash flow for the next five (5) plus years.
Quality Tenants with Regional Presence
- Mattress One has over 300 locations across three (3) states.
- Michael’s Formalwear & Bridal and Surterra Wellness have multiple locations around the state of Florida.
Property Status: For Sale
Building Size: 12818 Square Feet
Area Available: 12,818 Square Feet