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Apex Tire & Auto 5717 University Blvd W 5,760 SF Retail Building Jacksonville, FL 32216 $2,229,113 ($387.00/SF) 5.75% Cap Rate
Investment Highlights
- Long-standing tenant with proven site commitment
- Prominent position along university boulevard
- The property benefits from prominent frontage, dedicated access and traffic counts between 33,500 and 41,500 VPD.
- Strong contractual rent growth
- Established infill trade area
Executive Summary
Ackerman & Co. presents the exclusive offering of 5717 University Boulevard W, a 5,760 SF, single-tenant automotive service property located in Jacksonville, FL.
The freestanding building is 100% leased on a triple-net basis to Apex Tire & Auto, formerly operating as Famous Automotive & Tire Center, which has maintained continuous
operations at the property since 2018.
The tenant is currently operating under a lease term extending through the end of 2028.
The lease features contractual rent growth, including 4% annual increases during the current term, with annual rent scheduled to reach approximately $128,171 in 2028. Under
the true NNN structure, the tenant reimburses real estate taxes, insurance and common area maintenance expenses, providing investors with minimal landlord operating
responsibilities.
Positioned along the established University Boulevard corridor in Jacksonville’s Southside submarket, the property benefits from prominent frontage, dedicated access and traffic counts estimated between 33,500 and 41,500 vehicles per day
The freestanding building is 100% leased on a triple-net basis to Apex Tire & Auto, formerly operating as Famous Automotive & Tire Center, which has maintained continuous
operations at the property since 2018.
The tenant is currently operating under a lease term extending through the end of 2028.
The lease features contractual rent growth, including 4% annual increases during the current term, with annual rent scheduled to reach approximately $128,171 in 2028. Under
the true NNN structure, the tenant reimburses real estate taxes, insurance and common area maintenance expenses, providing investors with minimal landlord operating
responsibilities.
Positioned along the established University Boulevard corridor in Jacksonville’s Southside submarket, the property benefits from prominent frontage, dedicated access and traffic counts estimated between 33,500 and 41,500 vehicles per day
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,760 SF
Building Class
C
Year Built
1995
Price
$2,229,113
Price Per SF
$387.00
Cap Rate
5.75%
NOI
$128,174
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.80 AC
Zoning
CCG-1
Parking
19 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
130’ on University Blvd
Amenities
- Pylon Sign
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 152684-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $783,717 |
Property Taxes
Parcel Number
152684-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$783,717
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Apex Tire & Auto | 5717 University Blvd W