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Corporate Avis in Jacksonville 4586 San Juan Ave 850 SF Retail Building Jacksonville, FL 32210 $1,800,000 ($2,117.65/SF) 5.38% Cap Rate
Investment Highlights
- Corporate Avis/Budget Location – Corporate-operated store with direct sales reporting
- Long-Term Lease – Lease expiration: February 28, 2033
- Strong Jacksonville Corridor – Located on San Juan Ave with excellent visibility and access
- 7% Gross Revenue Participation – Annual percentage rent provides potential upside beyond base rent
- Opportunity Zone Location – Potential tax benefits for qualified investors
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
850 SF
Building Class
C
Year Built
1978
Price
$1,800,000
Price Per SF
$2,117.65
Cap Rate
5.38%
NOI
$96,820
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.83 AC
Opportunity Zone
Yes
Zoning
CCG-2 - Commercial Community/General
Parking
10 Spaces (11.76 Spaces per 1,000 SF Leased)
Frontage
305’ on San Juan
Amenities
- Pylon Sign
Walk Score®
Very Walkable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | 093797-0000 | Improvements Assessment | $109,504 |
| Land Assessment | $474,858 | Total Assessment | $584,362 |
Property Taxes
Parcel Number
093797-0000
Land Assessment
$474,858
Improvements Assessment
$109,504
Total Assessment
$584,362
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