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Auto Service - Gas-Conv

Jiffy Lube

4316 W Gandy Blvd, Tampa, FL 33611

Listing Price: $2,102,054

Tenant Name
Jiffy Lube
Years Remaining On Lease
8.2
Gross SF
2,399
Guarantor
Corporate Guarantee
Rentable SF
2,399
Price/Gross SF
$876.22
Lease Type
Absolute Net
Rent Per Square Feet
$50.19

Investment Overview

Marcus & Millichap is pleased to present the valuation of Jiffy Lube located at 4316 West Gandy Boulevard in Tampa, Florida. Built in 1982, The property is a 2,399 square foot, 3 bay store situated on 0.25 acres. Situated on a main thoroughfare throughout Henderson County’s Submarket, traffic counts exceed 46,000 Vehicles Per Day.

Located on West Gandy Boulevard, Jiffy Lube is surrounded by national retailers including Publix, Walmart, McDonalds, and Starbucks, just to name a few. The population growth within a 3 mile radius plans to increase nearly 9% by 2029, along with an approximate 10% household growth respectively.

Jiffy Lube is currently on a 20 year base term with 8 years remaining. Rent increases 7.5% Every 5 Years, with an Absolute NNN lease structure boasting no landlord responsibilities throughout, and Three (3) - 5 Year Options for renewal upon expiration of the base term. Jiffy Lube has currently 2,200 operating store locations and continuing to grow as a nationally recognized oil change brand.

Investment Highlights

  • Absolute NNN Lease Structure - No Landlord Responsibilities
  • 7.5% Rental Increases every 5 Years
  • Franchisee with over 65 locations across 3 states

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Jiffy Lube

Listing Price: $2,102,054

Tenant Name
Jiffy Lube
Years Remaining On Lease
8.2
Gross SF
2,399
Guarantor
Corporate Guarantee
Rentable SF
2,399
Price/Gross SF
$876.22
Lease Type
Absolute Net
Rent Per Square Feet
$50.19

Investment Highlights

  • Absolute NNN Lease Structure - No Landlord Responsibilities
  • 7.5% Rental Increases every 5 Years
  • Franchisee with over 65 locations across 3 states

Investment Overview

Marcus & Millichap is pleased to present the valuation of Jiffy Lube located at 4316 West Gandy Boulevard in Tampa, Florida. Built in 1982, The property is a 2,399 square foot, 3 bay store situated on 0.25 acres. Situated on a main thoroughfare throughout Henderson County’s Submarket, traffic counts exceed 46,000 Vehicles Per Day. Located on West Gandy Boulevard, Jiffy Lube is surrounded by national retailers including Publix, Walmart, McDonalds, and Starbucks, just to name a few. The population growth within a 3 mile radius plans to increase nearly 9% by 2029, along with an approximate 10% household growth respectively. Jiffy Lube is currently on a 20 year base term with 8 years remaining. Rent increases 7.5% Every 5 Years, with an Absolute NNN lease structure boasting no landlord responsibilities throughout, and Three (3) - 5 Year Options for renewal upon expiration of the base term. Jiffy Lube has currently 2,200 operating store locations and continuing to grow as a nationally recognized oil change brand.

Exclusively Listed By

Financing By

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