Auto Service - Gas-Conv
Jiffy Lube
1950 FL-7, Lauderdale Lakes, FL 33313
Listing Price: $1,304,946
Investment Overview
Marcus & Millichap is pleased to present an opportunity to purchase the fee simple interest in a Jiffy Lube located at 1950 North State Road 7, Lauderdale Lakes, Florida 33313. The property contains 2,363 square feet of net leasable area and is situated on 0.33 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. The City of Lauderdale Lakes has grown to serve the needs of the community with dedicated departments including the City Manager’s Office, City Clerk’s Office, Development Services, Financial Services, Human Resources and Risk Management, Parks and Human Services. Also, the City’s Community Redevelopment Agency has served as a catalyst to revitalize their residential and commercial districts. 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.
Jiffy Lube
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 – 30,000+ Vehicles per Day
- Population of 30,000+ Within One Mile Radius
- Corporate Guarantee from Atlantic Coast Enterprises – 65+ Unit Operator
Exclusively Listed By
Listing Price: $1,304,946
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 – 30,000+ Vehicles per Day
- Population of 30,000+ 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 1950 North State Road 7, Lauderdale Lakes, Florida 33313. The property contains 2,363 square feet of net leasable area and is situated on 0.33 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. The City of Lauderdale Lakes has grown to serve the needs of the community with dedicated departments including the City Manager’s Office, City Clerk’s Office, Development Services, Financial Services, Human Resources and Risk Management, Parks and Human Services. Also, the City’s Community Redevelopment Agency has served as a catalyst to revitalize their residential and commercial districts. 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
