Listed by Marcus & Millichap - Dallas
$2,625,000
Truist (Jacksonville, FL MSA)
Details
Property Type Retail
Sub Type Bank
Square Footage 7,355
Cap Rate 6.02%
NOI $158,000
Tenancy Single
Lease Type NNN
Lease Expiration 04/30/2033
Rent Bumps Yes
Lease Options Three, 5-Year
Price per SqFt $44
Year Built 1997
Acreage 1.360
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/25/1992
Ground Lease Yes
Ownership Fee Simple
Ground Lease | 1.36 Acres | 65,000 VPD
Marketing description
Offered for sale is a Truist Bank ground lease in Orange Park, Florida. The 1.36-acre site features a four-lane drive-thru and has operated continuously as a bank branch since 1992 — first under BB&T, then Truist following the 2019 merger with SunTrust — representing 34 years of uninterrupted occupancy at this location. The property fronts Blanding Boulevard at 65,000 vehicles per day, one of Clay County's highest-traffic commercial corridors. The surrounding five-mile trade area supports 149,623 residents and 112,396 daytime employees, with average household incomes exceeding $100,000. Ryan Nee; Florida Broker of Record; 5900 N Andrews Ave., Ste. 100; Fort Lauderdale, FL 33309; (954) 245-3400: Lic#: BK3154667
Investment highlights
- Ground Lease With 6.8 Years Remaining
- Excellent Access and Visibility Along Blanding Boulevard (65,000 VPD)
- Positioned Within Orange Park's Primary Retail (Orange Park Mall) and Healthcare (HCA Florida Orange Park Hospital) Corridor
- Large 1.36-Acre Parcel With Four-Lane ATM Drive-Thru
- Dense and Growing Trade Area With 149,623 Residents and 112,396 Daytime Employees
- Established Bank Location Operating Since 1992
- Located Within the Jacksonville MSA (Population: 1.7 Million), Northeast Florida's Largest Metropolitan Area
- Truist Financial Corporation (NYSE: TFC | S&P: A-) - Top-10 U.S. Commercial Bank With $547.5 Billion in Total Assets as of Year-End 2025
Listing Contacts
Listed by Marcus & Millichap - Dallas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$158,000.00
$13,166.67/mo
Valuation Metrics
0
DSCR
6.02%
Cap Rate
6.02%
ROI
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