13560 Atlantic Boulevard, Jacksonville, FL 32207
Marcus & Millichap is pleased to exclusively offer for sale a freestanding, net leased, Jiffy Lube in Jacksonville, Florida. The automotive and auto service building contains a rentable area of 1,543 square feet, situated on 0.68 acres. The somewhat irregular, but generally L-Shaped parcel has primary frontage along busy Atlantic Boulevard. There is secondary frontage from Bamboo Drive along the rear property line, The property, built in 1991, is in very good condition and has good curb appeal.
The lease has a primary term that extends through 2029 and contains three, five-year options with 7.5 percent rental increases base term and options. This NNN investment opportunity has minimal landlord responsibility. The lease is corporately guaranteed by Team Car Care (dba Jiffy Lube), headquartered in Irving, Texas.
Operating more than 550 Jiffy Lube locations from coast to coast, and serving nearly 5 million customers annually, Team Car Care employs more than 5,000 service advisors committed to quality service. Team Car Care is the largest franchisee company in the Jiffy Lube network.
Marcus & Millichap is pleased to exclusively offer for sale a freestanding, net leased, Jiffy Lube in Jacksonville, Florida. The automotive and auto service building contains a rentable area of 1,543 square feet, situated on 0.68 acres. The somewhat irregular, but generally L-Shaped parcel has primary frontage along busy Atlantic Boulevard. There is secondary frontage from Bamboo Drive along the rear property line, The property, built in 1991, is in very good condition and has good curb appeal.
The lease has a primary term that extends through 2029 and contains three, five-year options with 7.5 percent rental increases base term and options. This NNN investment opportunity has minimal landlord responsibility. The lease is corporately guaranteed by Team Car Care (dba Jiffy Lube), headquartered in Irving, Texas.
Operating more than 550 Jiffy Lube locations from coast to coast, and serving nearly 5 million customers annually, Team Car Care employs more than 5,000 service advisors committed to quality service. Team Car Care is the largest franchisee company in the Jiffy Lube network.
