5717 University Blvd W - Auto Repair FOR SALE


Jacksonville, FL 32216- Southside
$2,229,113 USD
770-913-3911
5717 University Blvd W, Jacksonville, FL for Sale
$2,229,113 USD
Auto Repair - FOR SALE
1/5
null | 5.75% Cap Rate

5717 University Blvd W
Jacksonville, FL 32216
Southside


HIGHLIGHTS

  • Long-standing tenant with proven site commitment
  • Strong contractual rent growth
  • Prominent position along university boulevard
  • Established infill trade area
  • The property benefits from prominent frontage, dedicated access and traffic counts between 33,500 and 41,500 VPD.

OVERVIEW

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 a triple-net 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. 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 true 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

FOR SALE DETAILS

PRICE

$2,229,113 USD

PRICE/SF

$387 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apex Tire & Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

CCG-1

APN/PARCEL ID

152684-0000

ASK ABOUT THIS PROPERTY

Allen FarrAckerman & Co.More Info
770-913-3911

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Allen FarrAckerman & Co.More Info
770-913-3911

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.