Corporate Leased Avis/Budget Jacksonville
Retail | 5.38% CAP | 850 SqFt
Marketing description
Premier opportunity to acquire a newly constructed, single-tenant retail asset at 4586 San Juan Avenue in Jacksonville, Florida, leased to Avis/Budget, one of the nation’s leading car rental brands. The property is currently under construction and being delivered as a corporate-operated Avis/Budget rental car facility, providing investors with the added security of a corporate-backed tenant.
This investment features a unique revenue participation component, with the landlord receiving 7% of gross annual revenue, creating the potential for upside beyond base rent. As a corporate store, Avis/Budget reports sales directly, offering enhanced transparency and alignment of interests between tenant and ownership.
Located along San Juan Avenue, a well-traveled commercial corridor in Jacksonville, the property benefits from strong visibility and access, supporting long-term tenant performance. The asset is situated within a designated Opportunity Zone, providing potential tax advantages for qualified investors.
The lease runs through February 28, 2033, offering a stable income stream with long-term cash flow. The projected NOI is based on February 2027, reflecting stabilized operations and revenue participation
Investment highlights
Corporate Avis/Budget Location – Corporate-operated store with direct sales reporting
7% Gross Revenue Participation – Annual percentage rent provides potential upside beyond base rent
Long-Term Lease – Lease expiration: February 28, 2033
Opportunity Zone Location – Potential tax benefits for qualified investors
Strong Jacksonville Corridor – Located on San Juan Ave with excellent visibility and access
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