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1320-1330 Blanding Blvd, Orange Park, FL, 32065

KnightBoxx Village
$6,848,000

Key Information

Cap Rate
7%
Year Built
2003
Type
Shopping Centers
Occupancy
100%
NOI
$479,448
Leasable Area
35,388

Highlights

  • Passive Lease Structure: Knightboxx Village is a ±35,388 square foot, fully leased shopping center comprised of nine tenants. The assets delivers stable, diversified income through a mix of local and national tenants, with no current vacancy. The property’s occupancy and tenant retention underscore its strong performance and established presence in the market.
  • Walgreens Anchor Paying Below Market Rents: $13 PSF: The center is anchored by Walgreens, which occupies 13,905 square feet, or approximately 39 percent of the total gross leasable area. Walgreens has operated at the site since 1998 and maintains a corporate guaranteed lease through January 2028, generating $184,241 in annual rent.
  • Strategic Location and High VPD & Visibility: Located on Blanding Boulevard, a high-volume commercial corridor in Orange Park, that sees a combined +58,000 vehicles per day. Positioned across from a Winn-Dixie anchored shopping plaza and surrounded by a concentration of retail activity, the site benefits from substantial traffic exposure and daily consumer foot traffi . Large Combined Parcel Size: ±4.19 AC4
  • Attractive Financial Profile: Knightboxx Village offers strong in-place cash flow with a Year 1 net operating income of $479,344 and a pro forma cap rate of 7.00 percent. The asking price of $6,848,000 reflects a solid return for investors seeking durable income and risk-adjusted performance. The lease structure across the rent roll includes both NNN and modified gross leases, reducing landlord expense exposure and increasing operating efficiency.
  • New Roof Add: Ownership recently completed the process of completely replacing the Strip Center roof (2025) & the Walgreens roof (2020)

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203