Ackerman Retail, a division of Ackerman & Co., presents an exceptional investment opportunity with the sale of Magic Wheels & Tires in Jacksonville, Florida. This property is backed by a 5-year absolute NNN lease that includes 2% annual rent escalations, ensuring steady income growth over the term. Additionally, the tenant holds two 5-year extension options, providing further long-term security for investors seeking durable cash flow.
Magic Wheels & Tires is operated by a proven, well-established regional company with 10 locations across six states, underscoring their operational stability and market presence. Positioned along a high-visibility corridor with traffic counts of approximately 49,500 vehicles per day, the property benefits from robust exposure and accessibility. Jacksonville’s strong population base, combined with the presence of significant military operations and over 150 corporate headquarters in the region, drives consistent customer demand and overall economic vitality.
This opportunity offers an investor an income-generating asset in a thriving metro area with a dependable tenant and favorable lease structure.