Ackerman & Co. presents the exclusive offering of 5717 University Boulevard W, a 5,760 SF, single-tenant automotive service property located in Jacksonville, FL.
The freestanding building is 100% leased on an Absolute NNN basis to Apex Tire & Auto, formerly operating as Famous Automotive & Tire Center, which has maintained continuous operations at the property since 2018.
The tenant is currently operating under a lease term extending through the end of 2028, with a five-year renewal option at the end of the term.
The lease features contractual rent growth, including 4% annual increases during the current term, with annual rent scheduled to reach approximately $128,171 in 2028. Under
the absolute NNN structure, the tenant reimburses real estate taxes, insurance and common area maintenance expenses, providing investors with minimal landlord operating
responsibilities.
Positioned along the established University Boulevard corridor in Jacksonville’s Southside submarket, the property benefits from prominent frontage, dedicated access and traffic counts estimated between 33,500 and 41,500 vehicles per day