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Auto Service - Gas-Conv

Jiffy Lube

326 W Indiantown Rd, Jupiter, FL 33458

Listing Price: $2,028,210

Cap Rate
5.25%
Tenant Name
Jiffy Lube
Years Remaining On Lease
9.9
Guarantor
Franchisee Guarantee
Rentable SF
3,596
Lease Type
Absolute Net
Rent Per Square Feet
$29.61

Investment Overview

Marcus & Millichap is pleased to offer for sale Jiffy Lube located at 324 West Indiantown Road in Jupiter, Florida. Jiffy Lube is the leading provider of automotive maintenance services in the country with more than 2,000 locations nationwide. Jiffy Lube offers a range of services from oil changes to tire rotations and more. The tenant, Atlantic Coast Enterprises (ACE), is one of the largest and most experienced Jiffy Lube franchisees in the US. ACE will execute lease amendments with a ten-year base term upon closing. The acquisition of this property offers the investor a secure stream of passive income which is guaranteed by one of the largest, most experienced and profitable Jiffy Lube franchisees in the country. The lease will be backed by the strong corporate guarantee of Atlantic Coast Enterprises. ACE was founded in 2008, operates 64 Jiffy Lube locations with approximately $65 million in annual sales and over 750 employees. The investor is further secured by the fee simple ownership of the real estate as well as the opportunity to enhance cash flow by depreciating the property improvements. *It is possible that the subject property is eligible for accelerated 15-year depreciation compared to the typical 39-year depreciation schedule for commercial properties. Jiffy Lube will lease the property on an absolute net basis, with the tenant fully responsible for all sales and property taxes, general liability and property insurance costs, and all property maintenance expenses associated with owning and operating the property, making the acquisition of this asset a truly passive investment. ACE plans to make post-closing improvements to the subject property that could include, imaging, signage, driveways, painting, and landscaping.

Investment Highlights

  • Sale-Leaseback with Ten Year Triple-Net Lease Term Upon Closing
  • This Property is a Jiffy Lube Multi-Care Site
  • Jiffy Lube is a Strong and Well-Recognized National Automotive Services Brand
  • Strong Guarantor: Atlantic Coast Enterprises Operates 64 Stores in 3 States, with 750 Employees
  • Secure Revenue Stream Backed By an Established and Profitable Franchisee, and Real Assets
  • Average Household Income of $100K+ Within Three-Mile Radius
  • *Property May Qualify for 15-Year Versus 39-Year Depreciation-Please Consult Your CPA

Exclusively Listed By

Listing Price: $2,028,210

Cap Rate
5.25%
Tenant Name
Jiffy Lube
Years Remaining On Lease
9.9
Guarantor
Franchisee Guarantee
Rentable SF
3,596
Lease Type
Absolute Net
Rent Per Square Feet
$29.61

Investment Highlights

  • Sale-Leaseback with Ten Year Triple-Net Lease Term Upon Closing
  • This Property is a Jiffy Lube Multi-Care Site
  • Jiffy Lube is a Strong and Well-Recognized National Automotive Services Brand
  • Strong Guarantor: Atlantic Coast Enterprises Operates 64 Stores in 3 States, with 750 Employees
  • Secure Revenue Stream Backed By an Established and Profitable Franchisee, and Real Assets
  • Average Household Income of $100K+ Within Three-Mile Radius
  • *Property May Qualify for 15-Year Versus 39-Year Depreciation-Please Consult Your CPA

Investment Overview

Marcus & Millichap is pleased to offer for sale Jiffy Lube located at 324 West Indiantown Road in Jupiter, Florida. Jiffy Lube is the leading provider of automotive maintenance services in the country with more than 2,000 locations nationwide. Jiffy Lube offers a range of services from oil changes to tire rotations and more. The tenant, Atlantic Coast Enterprises (ACE), is one of the largest and most experienced Jiffy Lube franchisees in the US. ACE will execute lease amendments with a ten-year base term upon closing. The acquisition of this property offers the investor a secure stream of passive income which is guaranteed by one of the largest, most experienced and profitable Jiffy Lube franchisees in the country. The lease will be backed by the strong corporate guarantee of Atlantic Coast Enterprises. ACE was founded in 2008, operates 64 Jiffy Lube locations with approximately $65 million in annual sales and over 750 employees. The investor is further secured by the fee simple ownership of the real estate as well as the opportunity to enhance cash flow by depreciating the property improvements. *It is possible that the subject property is eligible for accelerated 15-year depreciation compared to the typical 39-year depreciation schedule for commercial properties. Jiffy Lube will lease the property on an absolute net basis, with the tenant fully responsible for all sales and property taxes, general liability and property insurance costs, and all property maintenance expenses associated with owning and operating the property, making the acquisition of this asset a truly passive investment. ACE plans to make post-closing improvements to the subject property that could include, imaging, signage, driveways, painting, and landscaping.

Exclusively Listed By

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