Midas – Orange Park, FL (Jacksonville MSA)

Midas – Orange Park, FL (Jacksonville MSA)

Midas – Orange Park, FL (Jacksonville MSA)
214 Blanding Boulevard
Orange Park, FL 32073


Cap Rate 8.00%
Gross Leasable Area (GLA) 4,200
Price Per Square Foot (GLA) $269.84
Year Built 1982
Lot Size 0.337 Acres
  • Absolute Net Lease - Zero Landlord Responsibilities
  • National Credit Tenant
  • Quick Closing
  • Three and One-Half Years Remaining on Lease with Two, Five Year Options
  • Average Daily Traffic Count of 77,500 Vehicles
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Midas – Orange Park, FL (Jacksonville MSA) (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to announce the sale of this net-leased Midas automotive center located in Orange Park (Jacksonville – MSA), Florida. With approximately three and one-half years remaining on the corporately guaranteed lease and two, five year options remaining, an investor has the opportunity to obtain an attractive cap rate for a national tenant.

The property is located on Blanding Boulevard, less than five miles south of the Interstate 295 beltway with a population of approximately 130,000 within a five mile radius. Blanding Boulevard is one of three routes that connect Jacksonville with its surroundings west of the St. Johns River. As a result, a substantial traffic count of over 77,500 cars per day pass in front of the subject property. The rent increases bi-annually and is calculated by the lesser of a four percent increase of the current base rent or 300 percent of the CPI index. A hedge against inflation risk and little to no landlord responsibilities make this opportunity attractive.

Orange Park is considered part of the Jacksonville MSA and is located just 20 miles south of the Jacksonville Urban Core. The significant market growth in Jacksonville has sparked re-invigorated interest in retail development along main corridors throughout surrounding sub-markets including Blanding Boulevard. To further improve this area, the Florida Department of Transportation approved a $4.9 million project to be completed in Spring 2015 that includes paving, drainage, sidewalk repairs, signal upgrades and a median modification to Blanding Boulevard.

For More Information, Please Contact:

James Medefind

Senior Associate