Listed by SRS Real Estate Partners Tampa
$2,361,216
NNN Goodyear - Jacksonville FL (San Jose Blvd)
Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 6,296
Cap Rate 5.1%
NOI $120,422
Occupancy 100%
Tenancy Single
Brand/Tenant Goodyear Auto Service
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2037
Remaining Term 11
Rent Bumps Yes
Broker Co-Op Yes
Year Built 1992
Year Renovated 2000
Buildings 1
Stories 1
Acreage 0.580
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/23/2022
Ownership Fee Simple
Sale Condition 1031 exchange
Absolute NNN | Corporate Lease | 10% Increases
Marketing description
Introducing a prime investment opportunity in Jacksonville, Florida at 9738 San Jose Boulevard. This single-tenant absolute NNN property boasts a long-term corporate lease with The Goodyear Tire & Rubber Company, featuring 11+ years remaining and scheduled 10% rental increases. The property, with a cap rate of 5.10%, offers a stable net operating income of $120,422. The retail outlet spans 6,296 SF on 0.58 AC of land, built in 1992 and renovated in 2000. Positioned on a high-traffic area with 21,000 VPD, it guarantees visibility and accessibility. The lease terms include 6 (5-year) options, each with a 10% increase in rental rates.
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,422.00
$10,035.17/mo
Valuation Metrics
0
DSCR
5.1%
Cap Rate
5.1%
ROI
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