Jiffy Lube – NNN – Tampa, FL

 

  • Price: US $1,362,675
  • Property Type: Free Standing (1 Tenant)
  • Occupancy: 100%
  • CAP: 75%
  • Building Area: 1,200SF = 111m2
  • Lot: 18,750SF = 1,742m2
  • NOI: US $78,353/annual
  • Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including insurance and property tax
  • Contract Terms: 15 Years Contract
  • Increases: 5% increase every 5 years
  • Extensions: 6 – 5  years options.
  • Guarantor: Franchisee – Atlantic Coast Enterprises (One of the largest and most experienced Jiffy Lube franchisees in the US. Operates 62 stores in 3 States with 750 Employees)              
  • Extra: Jiffy Lube is a strong and well recognized National Automotive Services Industry Brand with More than 2000 locations nationwide.
  • Location: Located on N.Dale Mabry Hwy a major north and south artery of Tampa, Florida which has an average daily traffic count of 68,500.