Jiffy Lube – NNN – Lakeland, FL

 

  • Price: US $1,382,570
  • Property Type: Free Standing (1 Tenant)
  • Occupancy: 100%
  • CAP: 75%
  • Building Area:  2,040 SF = 189 m2
  • Lot: 17,250 SF = 1,602 m2
  • NOI: US $79,497/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: Jiffy Lube is located at 3365 S. Florida Ave. in Lakeland,Florida. Lakeland is the largest city in Polk County. Lakeland is along Interstate-4 about 45 minutes from both Tampa and Orlando.