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630 Blanding Boulevard - Walgreens, Orange Park, FL

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630 Blanding Boulevard - Walgreens

Orange Park, FL 32073-5007 - Orange Park/Clay County Submarket

(4.3 MB)

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:1997
Building Size:13,905 SF Land Area:2.5 AC (108,900 SF)
For Sale Price:$3,757,575 Price/SF:$270.23
Cap Rate:6.60 %
Parking:Free Surface spaces are available; Ratio of 6.57/1,000 SF
Features:Pylon Sign, Signage, Signalized Intersection, Drive Thru

The subject site is a Walgreens Pharmacy located on the busy street of Blanding Blvd. The Walgreens benefits from over an astounding 60,000 VPD passing in front of the site. The building sits on a hard corner directly across the street from a Starbucks and a Top Gun Sporting Goods.

Many retailers are in the immediate area such as Wal-Mart, KFC, Aaron’s Leases, Staples, Food Lion, Rent King, Blockbuster, Radio Shack, U-Haul, Golden Corral, BJ’s Wholesale, Hardee’s, Advance Auto Parts and many more. Lake side Elementary School and Lakeside Junior High School are just half a mile to the West of the site.

Located just a few miles south from the Jacksonville Naval Air Station. This is a multi-mission base hosting more than 100 tenant commands and is the 3rd largest naval installation in the US. It occupies 3,896 acres along the St John's River and employs more than 23,000 active duty and civilian personnel.

There are other pharamacies in the region, however the nearest national retailer is a CVS, and they are located more than 1.25-miles from the subject site.

Sale Notes:
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens located within the Jacksonville
MSA. The property is strategically located at a heavily trafficked signalized intersection in a strong retail corridor. Walgreens is
committed to this location as evidenced by their recent execution of their first five year renewal option. The Walgreens lease
expires February 28, 2022 and features seven more 5-year renewal option periods.
The 13,905 square foot Walgreens is strategically located at the heavily trafficked signalized intersection of Blanding Boulevard
and Constitution Drive. This intersection experiences traffic counts in excess of 59,000 vehicles per day. Blanding Boulevard
is the primary north-south thoroughfare in the trade area that connects Orange Park to Jacksonville. The Walgreens is located
approximately three miles south of Interstate 295. The property is located across the street from an Academy Sports and
LA Fitness anchored shopping center. Other national retailers in the immediate trade area include Walmart Supercenter, BJ’s
Wholesale Club, Ross, Bealls, Lowe’s, and Publix. There are over 130,000 people living within a five mile radius of the property.
Walgreens is the largest drug retailing chain in the United States and has over 8,100 locations in the U.S.A. Walgreens is publicly
traded on the New York Stock Exchange (WBA) with a market capitalization in excess of $90 billion. Both Walgreen Co. and
Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.

• Located within the Jacksonville MSA
• Walgreens is committed to this location as evidenced by their recent execution of their first 5 year renewal option
• Long operating history at this location (since 1997) with an established customer base
• Investment grade rated tenant (S&P: BBB)
• Positioned at the hard corner of a heavily trafficked signalized intersection (59,300 VPD)
• Across the street from an Academy Sports & LA Fitness shopping center
• Additional retailers located in the immediate area include Walmart Supercenter, BJ’s Wholesale Club, Ross, Bealls,
Lowe’s, and Publix
• Strategically located along a primary north-south thoroughfare that connects Orange Park to Jacksonville
• Over 130,000 people live within 5 miles of the property earning in excess of $75,000 annually
• Drive-Thru Pharmacy
• Income tax free state

The Boulder Group
Randy Blankstein
(847) 562-0003

John Feeney
(847) 562-9280

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