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Auto Service - Gas-Conv

Jiffy Lube

475 N Main St, East Longmeadow, MA 01028

Listing Price: $2,344,051

Cap Rate
5.75%
Tenant Name
Jiffy Lube
Years Remaining On Lease
10.0
Guarantor
Franchisee Guarantee
Rentable SF
2,200
Lease Type
Absolute Net
Rent Per Square Feet
$61.26

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase the fee simple interest in a Jiffy Lube located at 475 N Main Street. The property contains 2,200 SF 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. The lease term features 7.5 percent rental increases every five years, and eight five-year extension options. East Longmeadow is a town in Hampden County, Massachusetts, situated in the Pioneer Valley region of Western Massachusetts. East Longmeadow is 5 miles southeast of downtown Springfield, 25 miles north of Hartford, 88 miles southwest of Boston, and 142 miles northeast of New York City. 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
  • Rental Increases of 7.5 Percent Every Five Years
  • Corporate Guarantee from Atlantic Coast Enterprises – 65+ Unit Operator
  • Frontage on North Main Street - Strong Traffic Count With 19,000+ Vehicles per Day
  • Average Household Income Within One Mile Radius +$82,000

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7250

    License(s) MA: 1000485

    Massachusetts

Auto Service - Gas-Conv

Jiffy Lube

Listing Price: $2,344,051

Cap Rate
5.75%
Tenant Name
Jiffy Lube
Years Remaining On Lease
10.0
Guarantor
Franchisee Guarantee
Rentable SF
2,200
Lease Type
Absolute Net
Rent Per Square Feet
$61.26

Investment Highlights

  • Absolute Triple-Net 10-Year Lease Term Signed Upon Close of Escrow
  • Rental Increases of 7.5 Percent Every Five Years
  • Corporate Guarantee from Atlantic Coast Enterprises – 65+ Unit Operator
  • Frontage on North Main Street - Strong Traffic Count With 19,000+ Vehicles per Day
  • Average Household Income Within One Mile Radius +$82,000

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase the fee simple interest in a Jiffy Lube located at 475 N Main Street. The property contains 2,200 SF 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. The lease term features 7.5 percent rental increases every five years, and eight five-year extension options. East Longmeadow is a town in Hampden County, Massachusetts, situated in the Pioneer Valley region of Western Massachusetts. East Longmeadow is 5 miles southeast of downtown Springfield, 25 miles north of Hartford, 88 miles southwest of Boston, and 142 miles northeast of New York City. 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

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7250

    License(s): MA: 1000485

    Massachusetts

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