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Jiffy Lube

4359 N University Dr, Sunrise, FL 33351

Listing Price: $2,233,557

Cap Rate
5.00%
Tenant Name
Jiffy Lube
Years Remaining On Lease
10.0
Guarantor
Franchisee Guarantee
Rentable SF
2,227
Lease Type
Absolute Net
Rent Per Square Feet
$50.15

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase the fee simple interest in a Jiffy Lube located at 4359 North University Drive in Sunrise, Florida. The property contains 2,227 square feet of net leasable area and is situated on 0.37 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
  • Corporate Guarantee from Atlantic Coast Enterprises – 65+ Unit Operator
  • Just Off N. University Drive– Over 55,000 Vehicles Per Day
  • High Density Population- Over 200,000 People within 3-Mile Radius
  • Rental Increases of 7.5 Percent Every Five Years

Exclusively Listed By

Auto Service - Gas-Conv

Jiffy Lube

Listing Price: $2,233,557

Cap Rate
5.00%
Tenant Name
Jiffy Lube
Years Remaining On Lease
10.0
Guarantor
Franchisee Guarantee
Rentable SF
2,227
Lease Type
Absolute Net
Rent Per Square Feet
$50.15

Investment Highlights

  • Absolute Triple-Net 10-Year Lease Term Signed Upon Close of Escrow
  • Property Slated for Interior/Exterior Renovations in 2021
  • Corporate Guarantee from Atlantic Coast Enterprises – 65+ Unit Operator
  • Just Off N. University Drive– Over 55,000 Vehicles Per Day
  • High Density Population- Over 200,000 People within 3-Mile Radius
  • Rental Increases of 7.5 Percent Every Five Years

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase the fee simple interest in a Jiffy Lube located at 4359 North University Drive in Sunrise, Florida. The property contains 2,227 square feet of net leasable area and is situated on 0.37 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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