STNL Goodyear & NAPA Autocare Investment

Located along Merrill Road in Jacksonville’s established Arlington submarket, the location provides convenient access to Downtown Jacksonville, the Arlington Expressway, and surrounding residential communities, positioning the property within a well-established infill trade area.SVN First Coast Commercial is pleased to present 5807 Merrill Road, a single-tenant automotive service investment opportunity located along Jacksonville’s heavily traveled Merrill Road corridor in the established Arlington submarket. The property is occupied by a long-standing Goodyear-branded automotive service operator and offers stable in-place income with contractual annual rental increases. This location has been a Goodyear Auto Center for 38 years. The approximately 4,274 SF automotive facility is positioned on a highly visible corner-influenced site with multiple service bays, monument signage, generous parking, and excellent ingress/egress from Merrill Road. The property benefits from strong street presence, established automotive infrastructure, and direct exposure to one of the area’s primary east-west commercial corridors. The existing lease extends through December 31, 2029 and features annual 2.5% rental increases during the current renewal term. The lease is structured as a modified NNN lease with the tenant responsible for the majority of operating expenses, while landlord responsibilities are generally limited to roof and structural components. The offering provides investors with an attractive in-place return relative to comparable institutional net lease automotive assets currently trading at significantly lower cap rates. The property is well suited for private investors, 1031 exchange buyers, and automotive owner-operators seeking stable cash flow with future upside potential. The property is offered at $670,000, representing an approximate 7.38% in-place return based on current scheduled income. The modified NNN lease structure provides investors with stable cash flow characteristics while limiting landlord responsibilities primarily to roof and structural components. The property is located within the Renew Arlington CRA district, which includes corridor improvement and redevelopment initiatives applicable to portions of the surrounding area. Buyers shall independently verify any overlay, redevelopment, design review, reimbursement, or related governmental matters during their due diligence period.