Skip to main content

Auto Service - Gas-Conv

Jiffy Lube Massachusetts Portfolio

475 N Main St, East Longmeadow, MA 01028

Listing Price: $4,863,717

Cap Rate
5.75%
Tenant Name
Jiffy Lube
Years Remaining On Lease
9.6
Guarantor
Franchisee Guarantee
Rentable SF
9,736
Lease Type
Absolute Net
Rent Per Square Feet
$28.72

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a portfolio of three net leased Jiffy Lube properties in Massachusetts. The properties contain a total of 9,736 SF of net leasable area and a total of 1.41 Acres. ACE Jiffy Lube will sign a brand-new, absolute triple-net 10-year lease upon close of escrow. All leases feature 7.5 percent rental increases every five years, and eight five-year extension options. All three properties are located in the greater Springfield, Massachusetts area. Springfield is a city in the State of Massachusetts. As of the 2020 Census, the city's population was 155,929, making it the third-largest city in Massachusetts, the fourth-most populous city in New England and the 12th-most populous in the Northeastern United States. Atlantic Coast Enterprises LLC, doing business as ACE 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 – Very Successful 65+ Unit Operator
  • Densely Populated Locations
  • Long Established Jiffy Lube Stores
  • Portfolio Investment - Secure Revenue Stream

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s) MA: 1000485

    Massachusetts

Financing By

Auto Service - Gas-Conv

Jiffy Lube Massachusetts Portfolio

Listing Price: $4,863,717

Cap Rate
5.75%
Tenant Name
Jiffy Lube
Years Remaining On Lease
9.6
Guarantor
Franchisee Guarantee
Rentable SF
9,736
Lease Type
Absolute Net
Rent Per Square Feet
$28.72

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 – Very Successful 65+ Unit Operator
  • Densely Populated Locations
  • Long Established Jiffy Lube Stores
  • Portfolio Investment - Secure Revenue Stream

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a portfolio of three net leased Jiffy Lube properties in Massachusetts. The properties contain a total of 9,736 SF of net leasable area and a total of 1.41 Acres. ACE Jiffy Lube will sign a brand-new, absolute triple-net 10-year lease upon close of escrow. All leases feature 7.5 percent rental increases every five years, and eight five-year extension options. All three properties are located in the greater Springfield, Massachusetts area. Springfield is a city in the State of Massachusetts. As of the 2020 Census, the city's population was 155,929, making it the third-largest city in Massachusetts, the fourth-most populous city in New England and the 12th-most populous in the Northeastern United States. Atlantic Coast Enterprises LLC, doing business as ACE 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) 896-7220

    License(s): MA: 1000485

    Massachusetts

Financing By

MM Texture Background
MM Textured Background Lower