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Auto Service - Gas-Conv

Jiffy Lube

788 Memorial Ave, West Springfield, MA 01089

Listing Price: $1,460,483

Cap Rate
5.75%
Tenant Name
Jiffy Lube
Years Remaining On Lease
10.0
Guarantor
Franchisee Guarantee
Rentable SF
4,896
Lease Type
Absolute Net
Rent Per Square Feet
$17.15

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase the fee simple interest in a Jiffy Lube located at 788 Memorial Ave, West Springfield, MA. The property contains 4,896 SF of net leasable area and is situated on 0.64 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. 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 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
  • 2 Miles to Route 5 (Riverdale Street) and 1.5 miles to I-91
  • Corporate Guarantee from Atlantic Coast Enterprises – 65+ Unit Operator
  • Rental Increases of 7.5 Percent Every Five Years

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: $1,460,483

Cap Rate
5.75%
Tenant Name
Jiffy Lube
Years Remaining On Lease
10.0
Guarantor
Franchisee Guarantee
Rentable SF
4,896
Lease Type
Absolute Net
Rent Per Square Feet
$17.15

Investment Highlights

  • Absolute Triple-Net 10-Year Lease Term Signed Upon Close of Escrow
  • 2 Miles to Route 5 (Riverdale Street) and 1.5 miles to I-91
  • Corporate Guarantee from Atlantic Coast Enterprises – 65+ Unit Operator
  • 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 788 Memorial Ave, West Springfield, MA. The property contains 4,896 SF of net leasable area and is situated on 0.64 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. 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 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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