Truist (Jacksonville, FL MSA) — Sale in Orange Park, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Orange Park, FL 32073
Photos
Investment Figures
- Cap rate
- 6.02%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
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. 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 • Dense and Growing Trade Area With 149,623 Residents and 112,396 Daytime Employees • Large 1.36-Acre Parcel With Four-Lane Drive-Thru • 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
Market Context
This retail in Orange Park, FL is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Orange Park, FL — view the full market.
As of Q1 2026, the Jacksonville retail market showed a 5.1% vacancy rate, average asking rents near $26.08/SF/yr, and rents up 1.7% year over year. Source: multiple brokerage reports, Q1 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- Is the Jacksonville retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).
Estimated Price per SF
$67.82/SF – $493.25/SF
Mid: $205.52/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Ryan Wolf · (972) 755-5207 · ryan.wolf@marcusmillichap.com
- Vince Knipp · (972) 755-5205 · vincent.knipp@marcusmillichap.com
- Ryan Nee · (954) 245-3400
- Duke Dennis · (817) 932-6172 · duke.dennis@marcusmillichap.com
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