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Auto Service - Gas-Conv

Jiffy Lube

5763 Central Ave, St. Petersburg, FL 33710

Listing Price: $1,752,625

Cap Rate
5.25%
Tenant Name
Jiffy Lube
Years Remaining On Lease
10.0
Gross SF
2,040
Guarantor
Franchisee Guarantee
Rentable SF
2,040
Price/Gross SF
$859.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.10

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase the fee simple interest in a Jiffy Lube located at 5763 Central Avenue, St. Petersburg, FL 33710. The property contains 2,040 square feet of net leasable area and is situated on 0.23 acres. Jiffy Lube will sign a brand-new triple-net 10-year lease upon close of escrow. ACE plans to make post-closing improvements to the subject property that could include imaging, signage, customer waiting areas and bathrooms, driveways, painting, and landscaping. This store is scheduled to receive updates/renovations in 2021 to include building interior and exterior, signage, parking surfaces, customer areas, and garage areas. Contact listing agent for more details. Atlantic Coast Enterprises, LLC, 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.

Investment Highlights

  • Absolute Triple-Net 10-Year Lease Term Signed Upon Close of Escrow
  • Property Slated for Interior/Exterior Renovations in 2021
  • Rental Increases of 7.5 Percent Every Five Years
  • Located on Signalized Intersection – 38,000+ Vehicles per Day
  • Population of 13,000+ Within One Mile Radius
  • Corporate Guarantee from Atlantic Coast Enterprises – 65+ Unit Operator

Exclusively Listed By

Auto Service - Gas-Conv

Jiffy Lube

Listing Price: $1,752,625

Cap Rate
5.25%
Tenant Name
Jiffy Lube
Years Remaining On Lease
10.0
Gross SF
2,040
Guarantor
Franchisee Guarantee
Rentable SF
2,040
Price/Gross SF
$859.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.10

Investment Highlights

  • Absolute Triple-Net 10-Year Lease Term Signed Upon Close of Escrow
  • Property Slated for Interior/Exterior Renovations in 2021
  • Rental Increases of 7.5 Percent Every Five Years
  • Located on Signalized Intersection – 38,000+ Vehicles per Day
  • Population of 13,000+ Within One Mile Radius
  • Corporate Guarantee from Atlantic Coast Enterprises – 65+ Unit Operator

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase the fee simple interest in a Jiffy Lube located at 5763 Central Avenue, St. Petersburg, FL 33710. The property contains 2,040 square feet of net leasable area and is situated on 0.23 acres. Jiffy Lube will sign a brand-new triple-net 10-year lease upon close of escrow. ACE plans to make post-closing improvements to the subject property that could include imaging, signage, customer waiting areas and bathrooms, driveways, painting, and landscaping. This store is scheduled to receive updates/renovations in 2021 to include building interior and exterior, signage, parking surfaces, customer areas, and garage areas. Contact listing agent for more details. Atlantic Coast Enterprises, LLC, 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

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