1910 Wells Road

Description

? PRIME LOCATION WITH UNRIVALED VISIBILITY - The subject Property is positioned in front of two primary access points on Blanding Boulevard (83,500 AADT) to Orange Park Mall, the largest mall (±960,000 SF) west of the St. Johns River in the Jacksonville Area. The mall features tenants by the likes of Belk, Dillard’s, Dick’s Sporting Goods, JCPenney and Old Navy. The large 400-seat food court, multiple in-mall restaurants and state-of-the-art 24-screen AMC theatre contribute to Orange Park Mall remaining Clay County’s one-stop family shopping, dining and entertainment destination.

? REPOSITIONING OR REDEVELOPMENT POTENTIAL - The entire property encompasses 18 acres, with the existing department store measuring±189,800 SF spanned over two floors and a separate two-story Auto Center that measures ±33,500 SF. The Property has the strong frontage and strategic positioning in Orange Park Mall to be re-purposed by a new retail user of any kind or redeveloped.

? STRONG MARKET FUNDAMENTALS - Orange Park Mall sits on the edge of the Orange Park/Clay County and Riverside submarkets in the greater Jacksonville market. With easy access to Interstate 295, the Orange Park Mall serves a trade area population of ±454,000. Within a 5-mile radius of the Property, the current retail vacancy rate is estimated at 3.8% out of the 11 million square feet of existing and under construction properties. Orange Park Mall is also the only regional mall within the same 5-miles radius, and is currently boasting 100% occupancy inside its walls.