Just Listed! Enterprise Car and Truck Rental Portfolio in Jacksonville, Florida

Just Listed! Enterprise Car and Truck Rental Portfolio in Jacksonville, Florida

Investment Highlights (10777 Philips Hwy):

■ Corporate Guaranteed Absolute NNN Lease
■ High Traffic Location Visible to 39,372 Vehicles Per Day
■ 2.25 Percent Annual Rent Increases
■ S&P A- Credit Rating $25.9B Annual Revenue
■ One Additional 5 Year Option with 2.25 Percent Annual
Increases Extended in 2020
■ Vehicle Rental Locations Are Essential Retail
■ Automotive Retail Corridor – Rental Car Demand from
Surrounding Repair Shops and Car Dealerships
■ 1-Mile Avg Household Income $131,943
■ Nearby Regional Outlet Mall & Top National Retailers
■ Triple Net Lease – No Landlord Responsibilities
■ Florida Has No State Income Tax

Investment Overview (10777 Phillips Hwy):

Marcus & Millichap is pleased to present corporate guaranteed Enterprise
Commercial Trucks located 10777 Philips Highway, Jacksonville Florida.
The subject property consists of a 5,712 square foot freestanding building
on a 1.31-acre parcel of land. Located within the Butler/Baymeadows
submarket of Jacksonville, the property benefits from desirable and
strong demographics, with a population of 115,818 and an average
household income of $91,501 within a 5-mile radius. Strategically
located on Highway US-1 less than 1 mile from the intersection of i95
and i295, the property experiences traffic counts of over 39,000 vehicles
per day. The Butler/Baymeadows submarket’s strength is made evident
by the annual consumer spending above $4.5 Billion within a 5-mile
radius of the property. Consumer household spending on transportation
and maintenance within a 5-mile radius is $372 million, making it the
second-largest category behind food and alcohol. The numerous car
dealerships, rental agencies, and auto service shops in the surrounding
area create an automotive retail corridor with synergy in the consumer
market, making this location ideal for Enterprise retail sites.
National retailers in the immediate trade area include Walmart, Supercenter, Home Depot, Best Buy, McDonald’s, Starbucks, Chick-
fil-A, Simon Outlet Mall, Ford, Nissan, Chevrolet, Volvo, Tire Kingdom, and many others. This Enterprise is a well-established location with over
12 years of operation since opening in 2009. As a demonstration of
the tenant’s commitment, upon exercising their second five-year option,
they added a five-year option with 2.25 percent annual increases. The
tenant, Enterprise Leasing of Company of Florida LLC, is owned by
Enterprise Holdings, with S&P A- Credit Rating and reported $25.9B of
annual revenue. Florida is an income tax-free income state.

Investment Highlights (10733 Phillips Hwy):

■ Corporate Guaranteed Absolute NNN Lease
■ High Traffic Location Visible to 39,372 Vehicles Per Day
■ 2.25 Percent Annual Rent Increases
■ S&P A- Credit Rating $25.9B Annual Revenue
■ One Additional 5 Year Option with 2.25 Percent Annual
Increases Extended Recently
■ Vehicle Rental Locations Are Essential Retail
■ Automotive Retail Corridor – Rental Car Demand from
Surrounding Repair Shops and Car Dealerships
■ 1-Mile Avg Household Income $131,943
■ Nearby Regional Outlet Mall & Top National Retailers
■ Triple Net Lease – No Landlord Responsibilities
■ Florida Has No State Income Tax

Investment Overview (10733 Phillips Hwy):

Marcus & Millichap is pleased to present corporate guaranteed Enterprise
Rent-a-Car located 10733 Philips Highway, Jacksonville, Florida. The
subject property consists of a 2,400 square foot freestanding building
on a 0.73-acre parcel of land. Located within the Butler/Baymeadows
submarket of Jacksonville, the property benefits from desirable and
strong demographics, with a population of 115,818 and an average
household income of $91,501 within a 5-mile radius. Strategically
located on Highway US-1 less than 1 mile from the intersection of
Interstate-95 and Interstate-295, the property experiences traffic
counts of over 39,000 vehicles per day. The Butler/Baymeadows
submarket’s strength is made evident by the annual consumer spending
above $4.5 Billion within a 5-mile radius of the property. Consumer
household spending on transportation and maintenance within a 5-mile
radius is $372 million, making it the second-largest category behind
food and alcohol. The numerous car dealerships, rental agencies, and
auto service shops in the surrounding area create an automotive retail
corridor with synergy in the consumer market, making this location ideal
for Enterprise retail sites.
National retailers in the immediate trade area include Walmart

Supercenter, Home Depot, Best Buy, McDonald’s, Starbucks, Chick-
fil-A, Simon Outlet Mall, Ford, Nissan, Chevrolet, Volvo, Tire Kingdom,

and many others. This Enterprise is a well-established location with over
12 years of operation since opening in 2009. As a demonstration of
the tenant’s commitment, upon exercising their second five-year option,
they added a five-year option with 2.25% annual increases. The tenant,
Enterprise Leasing of Company of Florida LLC, is owned by Enterprise
Holdings, with S&P A- Credit Rating and reported $25.9B of annual
revenue. Florida is an income tax-free income state.

 

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