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Auto Service - Gas-Conv

Valvoline Instant Oil Change | Jacksonville, FL MSA

8647 Blanding Blvd, Jacksonville, FL 32244

Listing Price: $2,125,000

Cap Rate
5.65%
Tenant Name
Valvoline
Years Remaining On Lease
11.5
Gross SF
1,647
Guarantor
Regional Franchisee
Rentable SF
1,647
Price/Gross SF
$1,290.22
Lease Type
Absolute Net
Rent Per Square Feet
$72.86

Investment Overview

This investment opportunity brandishes very favorable lease terms with an initial 15-year base term, of which approximately 11.5 years remain. On September 30, 2024, Net Operating Income increases to $129,000. There are No Landlord Responsibilities with an Absolute NNN Lease Structure. The lease offers Strong Rental Increases of 7.5% every 5 years throughout the Base Term and Four (4), Five (5) year Renewal Options.

Investment Highlights

  • Absolute Net - Zero Landlord Responsibilities
  • 7.5 Percent Increase Every Five-Years (Next Increase on 12/1/2024)
  • Building Constructed in 2020

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Valvoline Instant Oil Change | Jacksonville, FL MSA

Listing Price: $2,125,000

Cap Rate
5.65%
Tenant Name
Valvoline
Years Remaining On Lease
11.5
Gross SF
1,647
Guarantor
Regional Franchisee
Rentable SF
1,647
Price/Gross SF
$1,290.22
Lease Type
Absolute Net
Rent Per Square Feet
$72.86

Investment Highlights

  • Absolute Net - Zero Landlord Responsibilities
  • 7.5 Percent Increase Every Five-Years (Next Increase on 12/1/2024)
  • Building Constructed in 2020

Investment Overview

This investment opportunity brandishes very favorable lease terms with an initial 15-year base term, of which approximately 11.5 years remain. On September 30, 2024, Net Operating Income increases to $129,000. There are No Landlord Responsibilities with an Absolute NNN Lease Structure. The lease offers Strong Rental Increases of 7.5% every 5 years throughout the Base Term and Four (4), Five (5) year Renewal Options.

Exclusively Listed By

Financing By

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