Crash Champions

9655 Old Saint Augustine Road, Jacksonville, FL 32257

$1,286,000

Cap Rate 6.41%

$1,498,109

Cap Rate 5.50%

Views: 155 DOM: 144 Updated: 09.12.24 Posted: 03.17.24 Status: Sold 08.08.24

Summary

Price $1,286,000 $1,498,109	Built/Renov 1991	Tenant Crash Champions
Cap Rate 6.41% 5.50%	Lease Type Double NN	Guarantor Corporate
Size/SF 11,400	Lease Start 09-04-2018	#Units 600
Price/SF $112.81 $131.41	Expiration 08-31-2028	Tenant Type Automotive
NOI $82,396	R. Term 3.7	Ownership Fee Simple
Rent/SF $7.23	Increases 10.0%/4/yrs	Pop 5Mi 145,114
Lot/AC 1.38	Options 2/5yrs/10%	AHHI 5Mi $89,745

Lease Highlights

Crash Champions has been operating in this location since 1998
The tenant has 4 years remaining on the current lease term with 2 (5-year) options to extend
The lease features 5% rental escalations throughout the initial term and option periods
Landlord responsible for HVAC, roof and structure
Corporate guaranteed lease

Location Description

Crash Champions is strategically located on Old St. Augustine Road, with access to 41,173 vehicles passing by daily. The property is surrounded by well-known national tenants such as Kohl’s, Grease Monkey, Ace Hardware, Big Lots!, Starbucks, and more. The 5-mile trade area boasts a population of 145,114 residents with an average household income of $89,745. Jacksonville is the most populous...

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Key Features

Build to suit
In location for years
Dense retail corridor
Near major nationals
Highway close
Strong demographics
Income tax free state
Long operation history
Below Market Rent
Corporate Guarantee

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Links

Crash Champions Wikipedia Jacksonville, Florida Zip Code 32257 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Crash Champions
Guarantor:Corporate
Company:Crash Champions
# Units:600
Stock:Private

About Tenant

Crash Champions began in 1999 with a small shop in New Lenox, IL, New Lenox Auto Body. After over 15 years of owning a small neighborhood collision center, Matt Ebert wanted to bring his vision to...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	14,879	62,247	152,855
2023 Total Population :	14,988	62,488	150,416
2023 Employed Civilian Pop :	8,309	35,120	84,176
2023 Total Businesses :	848	3,841	10,037
2023 Average Household Income :	$ 94,108	$ 93,987	$ 97,192
2023 Total Consumer Spending :	$ 538 M	$ 2160 M	$ 5371 M
2023 Median Age :	41	41	40
2023 Total Households :	6,564	26,559	63,860
2023 Pop Age 25+: Bachelor's Degree :	2,546	11,468	30,427
2023 Average Home Value :	$ 314,802	$ 331,764	$ 349,522

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
St Augustine Rd	Pritmore Rd	2010	17,618	0.04 mi
San Jose Blvd	Kori Rd	2010	45,500	0.23 mi
Sunbeam Rd	9439-5 San Jose Ap	2009	21,500	0.24 mi
San Jose Blvd	Sunbeam Rd	2001	57,500	0.27 mi
Beauclerc Rd	Kings Colony Rd	2010	7,582	0.63 mi
San Jose Boulevard	Kings Colony Rd	2022	47,500	0.64 mi
Old Saint Augustine Road	Jackwood Ct	2022	25,000	0.68 mi
San Jose Boulevard	Haley Rd	2022	46,000	0.75 mi
San Jose Blvd	Baymeadows Rd	2018	53,000	0.95 mi
Craven Rd	Victoria Chase Ct	2010	6,611	1.02 mi

Listing Broker

Liam Rowan

Sands Investment Group

Contact

3 Listings
289 Views
1 Sold

Andrew Ackerman

Sands Investment Group

Contact

60 Listings
8732 Views
28 Sold

Liam Rowan

Sands Investment Group specializes in the buying and selling of investment properties for private institutions and investors nationwide. Our brokers are experts in their product type, from restaurants to retail and everything in between. Our company of distinguished experts in all aspects of investment properties bring a proven track record to the table with over 4,100+ transactions in 48 states and $8.0 Billion in commercial real estate transactions—and counting.

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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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Luke Wakefield

Sands Investment Group

Contact

3 Listings
289 Views
1 Sold

Luke Wakefield

Real estate investment professional.

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