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10448 Atlantic Blvd
Jacksonville, FL 32225
Bldg 2 · Retail Property For Sale
Investment Highlights
- Absolute NNN lease with 2% annual rent increases through base term and options.
- Excellent visibility with traffic counts nearing 49,500 vehicles per day along a key corridor.
- Proximity to over 150 national, regional, and local corporate headquarters in the metro area.
- Tenant is a reliable regional operator with 10 established locations across multiple states.
- Jacksonville market supported by a strong population base and significant military presence.
Executive Summary
Ackerman Retail, a division of Ackerman & Co., presents an exceptional investment opportunity with the sale of Magic Wheels & Tires in Jacksonville, Florida. This property is backed by a 5-year absolute NNN lease that includes 2% annual rent escalations, ensuring steady income growth over the term. Additionally, the tenant holds two 5-year extension options, providing further long-term security for investors seeking durable cash flow.
Magic Wheels & Tires is operated by a proven, well-established regional company with 10 locations across six states, underscoring their operational stability and market presence. Positioned along a high-visibility corridor with traffic counts of approximately 49,500 vehicles per day, the property benefits from robust exposure and accessibility. Jacksonville’s strong population base, combined with the presence of significant military operations and over 150 corporate headquarters in the region, drives consistent customer demand and overall economic vitality.
This opportunity offers an investor an income-generating asset in a thriving metro area with a dependable tenant and favorable lease structure.
Magic Wheels & Tires is operated by a proven, well-established regional company with 10 locations across six states, underscoring their operational stability and market presence. Positioned along a high-visibility corridor with traffic counts of approximately 49,500 vehicles per day, the property benefits from robust exposure and accessibility. Jacksonville’s strong population base, combined with the presence of significant military operations and over 150 corporate headquarters in the region, drives consistent customer demand and overall economic vitality.
This opportunity offers an investor an income-generating asset in a thriving metro area with a dependable tenant and favorable lease structure.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,280 SF
Building Class
B
Year Built
1971
Price
$3,272,784 CAD
Price Per SF
$619.85 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.64 AC
Zoning
CCG-2, County - Commercial Community/General-2
Parking
15 Spaces (2.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Numbers | Improvements Assessment | $465,270 CAD | |
| Land Assessment | $1,172,690 CAD | Total Assessment | $1,637,960 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,172,690 CAD
Improvements Assessment
$465,270 CAD
Total Assessment
$1,637,960 CAD
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