Goodyear

4593 San Juan Avenue, Jacksonville, FL 32210

$635,000

Cap Rate 7.94%

$840,000

Cap Rate 6.00%

DOM: 102 Updated: 04.16.24 Posted: 11.17.23 Status: Sold 02.27.24

Summary

Price $635,000 $840,000	Built/Renov 1961/1990	Tenant Goodyear
Cap Rate 7.94% 6.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 6,848	Lease Start 05-08-1963	#Units 950
Price/SF $92.73 $122.66	Expiration 04-15-2033	Tenant Type Automotive
NOI $50,400	R. Term 7.11	Ownership Fee Simple
Rent/SF $7.36	Increases 10.0%/5/yrs	Pop 5Mi 177,684
Lot/AC 0.38	Options 0/0yrs	AHHI 5Mi $78,524

Lease Highlights

Goodyear has been operating in this location for 60 years
Tenant currently has 9+ years remaining on the current lease term
Lease features 10% rental increase every 5 years
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

Goodyear sits in a highly visible location, with frontage and signage at the corner of San Juan Avenue (17,700 VPD) and Jersey Street, less than a 1/4 mile from San Juan Avenue's signalized intersection with Roosevelt Avenue/Highway 17 (45,000 VPD). Goodyear is positioned along a main retail corridor, in close proximity to national retailers including Publix, Dollar Tree, CVS Pharmacy, Sunoco,...

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Key Features

Build to suit
In location for years
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Accelerated depreciation
Favorable NN+ lease
Traded and rated company
Investment grade tenant

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Links

Goodyear Wikipedia Goodyear Wikipedia Jacksonville, Florida Zip Code 32210 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Goodyear
Guarantor:Corp T and Rated
Company:Goodyear Tire and Rubber Co.
# Units:950
Tenant S&P: BB-
Moody’s: B1
Stock: NASDAQ: GT

About Tenant

The Goodyear Tire & Rubber Company, founded in 1898, together with its subsidiaries, develops, manufactures, markets, and distributes tires, and related products and services in the U.S. and...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,838	75,982	180,157
2023 Total Population :	8,999	76,287	178,466
2023 Employed Civilian Pop :	4,659	39,763	88,842
2023 Total Businesses :	824	3,748	9,665
2023 Average Household Income :	$ 95,002	$ 83,704	$ 77,531
2023 Total Consumer Spending :	$ 341 M	$ 2445 M	$ 4997 M
2023 Median Age :	42	39	38
2023 Total Households :	4,151	33,501	73,853
2023 Pop Age 25+: Bachelor's Degree :	1,313	11,064	22,740
2023 Average Home Value :	$ 305,534	$ 331,681	$ 280,404

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
San Juan Avenue	Roosevelt Blvd	2022	16,300	0.04 mi
San Juan Avenue	Jersey St	2021	17,700	0.04 mi
Blanding Boulevard	Lexington Ave	2022	26,000	0.12 mi
Blanding Blvd	Shirley Ave	2010	35,000	0.13 mi
Hamilton St	Shirley Ave	2010	2,519	0.13 mi
San Juan Ave	Hamilton St	2010	18,600	0.15 mi
Blanding Bv	Sunderland Rd	2009	25,000	0.40 mi
San Juan Avenue	Fair St	2021	7,600	0.41 mi
Cassat Avenue	Fremont St	2021	7,100	0.46 mi
Roosevelt Blvd	Wabash Ave	2007	45,500	0.46 mi

Listing Broker

Matthew Gorman

CBRE: NLPG Philadelphia

Contact

62 Listings
14286 Views
36 Sold

Michael Shover

CBRE: NLPG Philadelphia

Contact

62 Listings
14286 Views
36 Sold

Matthew Gorman

Matthew Gorman joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Matthew and his team's primary goal is to execute for their clients at the highest level by representing their best interests professionally, honestly and with integrity in all aspects of the marketing and sales process. Shortly after joining CBRE, Matthew was inducted into the exclusive Net Lease Property Group, leading the Philadel

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Michael Shover

Michael Shover joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Shortly after, Michael was inducted into CBRE’s exclusive Net Lease Property Group, leading and specializing in the Mid-Atlantic area. The Net Lease Property Group comprises of a team of senior advisors located within major metropolitan areas throughout the United States who are dedicated to transacting single-tenant assets and net-l

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