FirstSun Auto Center

Highlights

• Total SF: 8,663 SF
• Office (Finance Department): 3,131 SF
• Warehouse (Service Department): 5,532 SF
• Lots: 4 contiguous parcels on corner lot
• Construction: Brick Metal Frame Modular Metal
• Year Built: 1981 - 1983
• Prime location along the Cassatt Avenue Automotive Corridor adjacent to Nimnicht Chevrolet, Duval Ford, Westside Hyundai and many more.
• Corner lot on a signalized intersection with a AADT of over 21,000 (traffic count)
• 1.05 Acres & 2 buildings (8,663 SF) with 90+ Car Capacity
• CCG-2 Zoning
• Includes One (1) Exterior Hydraulic Car Lift
• 17 Years of Auto Dealer Operating History (Averaging over $2.8MM annually)
• ADDITTIONAL OFFERING DETAILS:
• The Real Estate: $1,699,000
• Business (optional): $1,000,000
• River House (optional): $1,250,000
• Total: $3,949,000
• BUSINESS DETAILS:
• Ave Annual Net Cash Flow: $300,000
• Gross Revenue: $2,675,000
• FF&E: $50,000
• Inventory: 50 units avg
• Established Year: 1998
• # of Employees: 4
• Approximate Inventory Value: $470,000
• Reason for Selling: Retirement
• List of Included Assets: 1) Current inventory for sale (separate) & 2) Accounts Receivable for sale (separate)

Description

This property is located at the intersection of Cassat Avenue and Park Street, at the North Gate of the Westside Automotive Corridor. FirstSun Auto Center (FAC) is a turn-key used car dealership with excellent historical sales volume (Averaging over $2.8MM annually). FAC is located approximately 1.5 miles from I-95 and 4.5 miles from the I-10 / I-95 interchange. Cassat Avenue is a major commercial and automotive corridor. The entrance to the FAC is at a four-way signalized intersection (Cassat & Park) which marks the start of several major car dealers. Major dealers include Chevrolet, Ford, Hyundai, Nissan, and multiple other use car dealers. The facility totals ±8,663 square foot total inclusive of a finance offices, service, and parts departments. The building construction is concrete, steel and modular metal construction. The site can park ±100 vehicles.

Originally established by the 1920s with its main commercial center at San Juan Avenue and Blanding Boulevard dating back to at least 1906, Lake Shore is immediately south of Murray Hill, Riverside and Avondale, Fishweir Creek, and is bound by the Cedar River (called Cedar Creek by locals) to the west and south. Inland from the Ortega historic district and McGirt’s Creek to the east, the community consists of historic homes both inland and along the waterfront, a cluster of Spanish Colonial estate homes, as well as many postwar frame, brick, and stucco bungalows. South of Park Street, situated at the southwestern stretch of Avondale's St. Johns Avenue, spanning nearly a mile between Blanding and Lake Shore Boulevards, Lake Shore Terrace is a collection of mid-century modern homes built on larger lots developed by the Brownett and Fort Building company between 1951 and 1953 just north of San Juan Avenue Florida State Road 128. In 2009, the unique Spanish Mission style arched gateways which mark the entrance to Bayview Road in the heart of Lake Shore were restored and designated as historic landmarks by the City of Jacksonville Historic Preservation Commission and Lakeshore Area Preservation Society. Bisected by the northern end of State Road 21 (Blanding Boulevard), Lake Shore is home to the Jacksonville Marina Mile which is a regionally unique combination of full service marinas, nautical outfitters, and dry storage facilities that advantageously line the tidal calm of the recreational watercourse on the west bank of McGirt's Creek confluence Cedar Creek and the St. Johns River.

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