Auto Service - Gas-Conv
Jiffy Lube
8787 Biscayne Blvd, Miami Shores, FL 33138
Listing Price: $2,691,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a corporately guaranteed Jiffy Lube located at 8787 Biscayne Blvd, Miami Shores, FL. The property contains 1,999 square feet of net leasable area and is situated on 12,197 SF of land. The subject property faces Biscayne Boulevard, with a traffic count exceeding 40,000 vehicles passing daily. Jiffy Lube has 13.4 years of guaranteed lease term remaining, and two 10-year options to extend.
Miami Shores Village is an upscale suburban village in Miami-Dade County, Florida with a population of approximately 11,000. There are 170,000+ people within a 3-mile radius of the property. The property is in the North-Central region of the county, in-between Downtown & North Miami, as well as midway between Hialeah and Miami Beach. It can be easily accessed by I-95, SR 924, and Biscayne Boulevard. Developed in the 1920s as one of Miami’s original neighborhoods, Miami Shores boasts vistas of Biscayne Bay, quaint churches, tranquil parks and wide, tree-lined streets.
Jiffy Lube International, Inc, doing business as Jiffy Lube, provides vehicle maintenance services. The company offers oil change, air conditioning evacuation and recharge, engine air filtration, cooling, transmission, and electrical and fuel system cleaning services. Jiffy Lube is a subsidiary of Royal Dutch Shell and is headquartered in Houston, Texas.
Jiffy Lube
Investment Highlights
- Corporate Guarantee from JLI – 2000+ Jiffy Lube Units Nationwide
- 3.5% Annual Rent Increases – Providing Hedge Against Inflation
- 13+ Years Remaining On Lease Term
- Prime Location for Automotive Services – 8,400+ Households In One Mile Radius
- Dense Infill Population – 20,000+ People in One-Mile Radius
- Jiffy Lube Has Been On Site 36+ Years – Just Signed A 10-Year Extension
- NNN Lease – Zero Landlord Responsibilities
- Strong Visibility – Located On Biscayne Boulevard – 40,000+ Vehicles Per Day
Exclusively Listed By
Financing By
Listing Price: $2,691,000
Investment Highlights
- Corporate Guarantee from JLI – 2000+ Jiffy Lube Units Nationwide
- 3.5% Annual Rent Increases – Providing Hedge Against Inflation
- 13+ Years Remaining On Lease Term
- Prime Location for Automotive Services – 8,400+ Households In One Mile Radius
- Dense Infill Population – 20,000+ People in One-Mile Radius
- Jiffy Lube Has Been On Site 36+ Years – Just Signed A 10-Year Extension
- NNN Lease – Zero Landlord Responsibilities
- Strong Visibility – Located On Biscayne Boulevard – 40,000+ Vehicles Per Day
Investment Overview
Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a corporately guaranteed Jiffy Lube located at 8787 Biscayne Blvd, Miami Shores, FL. The property contains 1,999 square feet of net leasable area and is situated on 12,197 SF of land. The subject property faces Biscayne Boulevard, with a traffic count exceeding 40,000 vehicles passing daily. Jiffy Lube has 13.4 years of guaranteed lease term remaining, and two 10-year options to extend. Miami Shores Village is an upscale suburban village in Miami-Dade County, Florida with a population of approximately 11,000. There are 170,000+ people within a 3-mile radius of the property. The property is in the North-Central region of the county, in-between Downtown & North Miami, as well as midway between Hialeah and Miami Beach. It can be easily accessed by I-95, SR 924, and Biscayne Boulevard. Developed in the 1920s as one of Miami’s original neighborhoods, Miami Shores boasts vistas of Biscayne Bay, quaint churches, tranquil parks and wide, tree-lined streets. Jiffy Lube International, Inc, doing business as Jiffy Lube, provides vehicle maintenance services. The company offers oil change, air conditioning evacuation and recharge, engine air filtration, cooling, transmission, and electrical and fuel system cleaning services. Jiffy Lube is a subsidiary of Royal Dutch Shell and is headquartered in Houston, Texas.
Exclusively Listed By
Financing By
