Investment Overview

Marcus & Millichap is pleased to present Valvoline Instant Oil Change in Jacksonville, FL, ideally situated on Beach Boulevard (54,000 vehicles per day) and centrally located within the Jacksonville MSA. The property is a 3,085 square foot building on approximately 0.35 acres. Construction of the Valvoline was completed in 2019 and benefits from a shared access driveway with the adjacent Wawa which was also completed in 2019. The property is in close proximity to 1-295, neighboring retailers including Walmart, McDonald’s, Take 5 Oil Change, Target, Wawa, and Chick-Fil-A. The population around the subject property continues to rise, with population growth expected to increase over 5% by 2027 within a 1-mile radius. This investment opportunity brandishes favorable lease terms with over 10 years remaining on the original 15-year base term. Effective October 1st, 2024, rent will increase to $123,625. The tenant has two (2) five-year renewal options starting in 2034 with 7.5% rent increases every five years through the base term and options.