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Auto Service - Gas-Conv

Jiffy Lube | 20+ Year Operating History | 7%+ CAP Year 3

1585 Island Ln, Fleming Island, FL 32003

Listing Price: $1,413,000

Cap Rate
6.50%
Tenant Name
Jiffy Lube
Years Remaining On Lease
2.1
Guarantor
Corporate Guarantee
Rentable SF
2,268
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.49

Investment Overview

Marcus & Millichap is pleased to offer for sale this Goodyear and Jiffy Lube located in Fleming Island, FL. Both have over 20 years operating history at these locations. Goodyear’s NN lease is corporate guaranteed by The Goodyear Tire & Rubber Company. Jiffy Lube has a NNN lease with no landlord responsibilities. The subject properties are ideally located on the main retail corridor Surrounded by national tenants including: Target, Walmart, The Home Depot, Publix, Winn Dixie, Walgreens, CVS, Bank of America, Chase Bank, PNC Bank, McDonalds, Wendy’s, Panera Bread, and more. Fleming Island is a highly affluent area with the average household income of $127,669 within one mile. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • 20+ Years Operating History
  • 6.0% CAP in Year 3 - Significant Rental Increases
  • Goodyear - Corporate Guaranteed NN Lease - Landlord Only Responsible for Roof, Structure, and Parking Lot
  • Jiffy Lube - NNN Lease - No Landlord Responsibilities
  • Ideally Located in Main Retail Corridor - Surrounded by National Tenants Including: Target, Walmart, The Home Depot, Publix, Winn Dixie, Walgreens, CVS, Bank of America, Chase Bank, PNC Bank, McDonalds, Wendy's, Panera Bread, and more!
  • Affluent Area - Average Household Income: $127,669 (one-mile) | $123,334 (three-mile) | $108,621 (five-mile)

Exclusively Listed By

Auto Service - Gas-Conv

Jiffy Lube | 20+ Year Operating History | 7%+ CAP Year 3

Listing Price: $1,413,000

Cap Rate
6.50%
Tenant Name
Jiffy Lube
Years Remaining On Lease
2.1
Guarantor
Corporate Guarantee
Rentable SF
2,268
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.49

Investment Highlights

  • 20+ Years Operating History
  • 6.0% CAP in Year 3 - Significant Rental Increases
  • Goodyear - Corporate Guaranteed NN Lease - Landlord Only Responsible for Roof, Structure, and Parking Lot
  • Jiffy Lube - NNN Lease - No Landlord Responsibilities
  • Ideally Located in Main Retail Corridor - Surrounded by National Tenants Including: Target, Walmart, The Home Depot, Publix, Winn Dixie, Walgreens, CVS, Bank of America, Chase Bank, PNC Bank, McDonalds, Wendy's, Panera Bread, and more!
  • Affluent Area - Average Household Income: $127,669 (one-mile) | $123,334 (three-mile) | $108,621 (five-mile)

Investment Overview

Marcus & Millichap is pleased to offer for sale this Goodyear and Jiffy Lube located in Fleming Island, FL. Both have over 20 years operating history at these locations. Goodyear’s NN lease is corporate guaranteed by The Goodyear Tire & Rubber Company. Jiffy Lube has a NNN lease with no landlord responsibilities. The subject properties are ideally located on the main retail corridor Surrounded by national tenants including: Target, Walmart, The Home Depot, Publix, Winn Dixie, Walgreens, CVS, Bank of America, Chase Bank, PNC Bank, McDonalds, Wendy’s, Panera Bread, and more. Fleming Island is a highly affluent area with the average household income of $127,669 within one mile. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

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