1040 Golfair Blvd
Jacksonville, FL 32209
RaceWay (RaceTrac) Corporate NNN · Retail Property For Sale

Franklin Street is pleased to present this Corporate RaceWay investment property located in a Jacksonville, Florida which is in an income tax-free state with a non-stop flight airport. This convenience & gas store is well located right off the busy Interstate 95 exit ramp strategically located in the dense downtown residential market and across from a golf course, school, and a government office. This location has been an established fixture in the community operating for over 19 years since opening in 2000. RaceWay is owned and operated by RaceTrac corporate. RaceTrac is based in Atlanta, Georgia since 1976 and was founded in 1934 in St. Louis over 85 years ago. They operate more than 670 company-owned and third-party contract operated stores under RaceTrac and RaceWay names in 12 southern states where the founder Mr. Carl Bolch pioneered the concept of self-service gasoline. RaceWay branded locations can be found in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, and Virginia and RaceTrac can be found in Florida, Georgia, Louisiana, Texas, Mississippi. With over $9 Billion in revenues and 7,450 employees, RaceTrac combined with RaceWay is one of the largest privately-held convenience store operators and 3rd largest private company in Georgia. The lease remaining is a 8.6 year NNN lease with the potential to accelerate depreciation benefit. Priced at only $3,610,000, this could be a great corporate asset with a higher tax-equivalent return! *Tax Benefit Disclaimer: Franklin Street nor its licensed real estate agents are tax advisors and or qualified to give tax advice. The potential tax benefits are derived from sources deemed to be reliable through a cost segregation company and tax-equivalent yields based on a 35% tax bracket for 2019 but neither should be relied upon. This specific tax information is also subject to error and change. As such, we highly encourage investors to seek advice and verification of the potential tax benefits based on their own personal tax situation from their own trusted tax advisor.