4593 San Juan Avenue Retail
  • Asking Price
    $1MAsking Price
  • Cap Rate
    5.25%Cap Rate
  • Price/SF
    $149.41Price/SF
  • Gross Leasable Area
    6,884 SFGross Leasable Area
  • NOI
    $54,000NOI
  • Occupancy
    100%Occupancy

Description

Goodyear Tire & Service Center is a single-tenant retail investment at 4593 San Juan Avenue in Jacksonville, FL 32210. The 6,884 SF property is occupied by Goodyear under a corporate-guaranteed NNN lease, giving buyers an established tenant and a defined income stream.

Built in 1961 and renovated in 1990, the property has 6,884 SF of gross leasable area. Goodyear has operated at this location since 1963 and recently completed capital improvements. For an investor, that operating history and the tenant’s continued investment in the site add context to the corporate guarantee. The NNN lease has 7.5 years remaining, with a contractual 10% rent increase on April 16, 2028, and no renewal options.

In the Riverside submarket, the property sits on San Juan Avenue between the Roosevelt Boulevard and Blanding Boulevard retail corridors. Nearby businesses include Publix, Wells Fargo and Panera Bread, placing Goodyear among familiar retail and service destinations. An Avis/Budget rental facility is under development directly across the street. This setting gives the automotive use a position along an established commercial route, with another project taking shape immediately opposite the property.

The asking price is $1,028,571, or $149.41 PSF, with $54,000 in-place NOI and a 5.25% in-place cap rate. Occupancy is 100%, and the 7.5-year weighted average lease term gives buyers a clear view of the current lease commitment. The scheduled rent increase provides a defined change in income during that term, while the absence of renewal options makes the lease expiration an important part of the ownership plan. Review the Offering Memorandum for the transaction.

Offering Summary

  • Asking Price
    $1,028,571
  • Price PSF
    $149.41
  • Property Type
    Retail
  • Size
    6,884 SF
  • Available
    6,884 SF
  • Occupancy
    100%
  • Properties
    1
  • Built
    1961

Sale Details

  • Walt
    7.50 Years
  • Cap Rate
    5.25%
  • NOI
    $54,000
  • In-Place Cap Rate
    5.25%
  • In-Place NOI
    $54,000

Documents

Property Address

4593 San Juan Avenue
Jacksonville, FL 32210

Property Details

  • Property Type
    Retail
  • Year Built
    1961
  • Year Renovated
    1990
  • Lease Type
    NNN
  • Gross Leasable Area
    6,884 SF

Deal Team

Josh Barnhill profile image

Josh Barnhill

Commercial Advisor
Premier Commercial Group
FL RE Lic. SL3712915