This Retail Property is Off-Market.

2770 Race Track Rd
Jacksonville, FL 32259 ·

4,980 SF · Retail For Sale

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Tuffy's Auto Service Center

Price N/A Occupancy 100%
Building Size 4,980 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Vehicle Related Year Built 2007
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 2.09 AC
Commission Split 2% Parking Ratio 28 / 1,000 SF
Cap Rate 7.75%
Listing ID: 17915846 Date Created: 11/14/2012 Last Updated: 04/15/2013

Description

Marcus & Millichap has been appointed exclusive advisor for the sale of the 100 percent fee-simple interest in the 4,980-square foot Tuffy Auto Service Center located in Jacksonville, Florida. This is an Absolute Triple-Net asset with the tenant being responsible for all expenses including roof and structure. The lease has 15 years remaining with two five-year options.

This Tuffy Auto Service Center is located in the affluent neighborhood of Julington Creek Plantation, which is in St. Johns County just thirty minutes south of downtown Jacksonville. The site is an outparcel to a 78,000- square foot shopping center anchored by a Publix Supermarket, which was built in 2003. Immediately surrounding the property are major retailers including CVS,
Walgreens, Wendy's and Shell.

Highlights

  • No Landlord Responsibility - Absolute Triple-Net (NNN)
  • 8.75 Percent Increases Every Five Years
  • 15 Years Remaining on a Corporate Guaranteed Lease
  • Publix Supermarket Outparcel
  • Ranked in the Top Ten Store Sales
  • One Mile Radius Median Household Income $98,209

Research

2770 Race Track Rd, Jacksonville, FL 32259 (Saint Johns County)

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