Goodyear-Branded Auto Service
For Sale
$670,000
5807 Merrill Road, Jacksonville, FL 32277
Single-tenant automotive service property with contractual annual increases and long remaining term through 12/31/29.
Property Size4,274 SF
Days on Market127
Property Features for 5807 Merrill Road
General Information
Standard status
Active
Size
4,274 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Building Details
Building Size
4,274 SF
Year Renovated
2020
Tenancy
Single
Listing Agency:
SVN | First Coast Commercial Real Estate Specialists
Listed By:
Anthony Migliore · License #3147444
(904) 421-8523
Source:
Svn
Added: Jun 2
Changed: Oct 1
Last Checked: Oct 5 at 3:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | First Coast Commercial Real Estate Specialists
Investment Insights
Based on property information with market context.
SVN First Coast Commercial presents this single-tenant automotive service investment opportunity, currently occupied by a long-standing Goodyear-branded operator. The location has served as a Goodyear Auto Center for 38 years, and the present tenant has been in place since 2020. The property is described as having a roof replacement completed in late December 2020. Rental income is supported by contractual annual rental increases, with the current term expiring 12/31/29. The lease also includes two additional five-year options remaining. The site is identified as a signalized corner, providing prominent drive-up access for customers.
The property is positioned along Jacksonville’s heavily traveled Merrill Road corridor within the established Arlington submarket. Its location on a signalized corner helps support visibility and ease of customer navigation along this busy thoroughfare.
For investors, this asset offers the combination of in-place automotive tenancy, contractual rent growth, and a lease structure with extension options. For an automotive-focused operator or ownership group seeking long-term stability, the current tenant arrangement and remaining term through 12/31/29 can help reduce near-term re-leasing risk while maintaining a recognizable service brand.
The property is positioned along Jacksonville’s heavily traveled Merrill Road corridor within the established Arlington submarket. Its location on a signalized corner helps support visibility and ease of customer navigation along this busy thoroughfare.
For investors, this asset offers the combination of in-place automotive tenancy, contractual rent growth, and a lease structure with extension options. For an automotive-focused operator or ownership group seeking long-term stability, the current tenant arrangement and remaining term through 12/31/29 can help reduce near-term re-leasing risk while maintaining a recognizable service brand.
Key Highlights
- Single‑tenant automotive service property on Jacksonville’s Merrill Road corridor in the Arlington submarket
- Tenant has been in place since 2020 with contractual annual rental increases
- Goodyear‑branded automotive service operation has been operating at this location for 38 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,306
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,120
$966.1K
Cap Rate 7%
$690,086
$690.1K
Cap Rate 9%
$536,733
$536.7K
Market Conditions
NOI Build-Up for 4,274 SF
Gross rent
$76.9K $18.00/SF
− Vacancy
−$7.9K −$1.85/SF
EGI
$69.0K $16.15/SF
− OpEx
−$20.7K −$4.84/SF
NOI
$48.3K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,120
Cap Rate 7%
$690,086
Cap Rate 9%
$536,733
Alternative Uses
Best Use
Retail
$690.1K
$603.8K – $805.1K
NOI $48,306 @ 7.0% cap · market cap 7.21%
Second Best
Industrial
$339.3K
$296.9K – $395.8K
NOI $23,749 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,958 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
42k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 18%
Groceries 18%
Electronics 2%
Taco Bell
Dining
10,810 visits/mo
0.0 miles
Burger King
Dining
8,932 visits/mo
0.0 miles
ABC Fine Wine & Spirits
Groceries
7,478 visits/mo
0.2 miles
AutoZone
Shops & Services
7,209 visits/mo
0.2 miles
Pizza Hut
Dining
3,786 visits/mo
0.2 miles
Demographics for 32277, FL
33,174
Population
14,025
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
7.2 sq mi
ZIP Area
4,608
Density / Sq Mi
$60,215
Median Household Income
$35,300
Median Earnings
$1,297
Median Rent
$256,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Jacksonville, FL
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Similar Off Market Nearby
- Ralph's Auto Electric — Jacksonville, FL 32211
- D&J Automotive Repair Inc — 5514 Burdette Rd, Jacksonville, FL 32211
- Smart tire — 2104 University Blvd N, Jacksonville, FL 32211
- D J's Automotive — 2204 University Blvd N, Jacksonville, FL 32211
- Napa Auto Care Center — 2104 University Blvd N, Jacksonville, FL 32211
Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant automotive service property with contractual annual increases and long remaining term through 12/31/29.
Where is this auto shop located?
The property is located at 5807 Merrill Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Single‑tenant automotive service property on Jacksonville’s Merrill Road corridor in the Arlington submarket; Tenant has been in place since 2020 with contractual annual rental increases; Goodyear‑branded automotive service operation has been operating at this location for 38 years
