NNN Jiffy Lube 10 Yr 5.75 CAP
11099 Old Saint Augustine Road
Jacksonville, FL 32257
Highlights
- Absolute Triple Net Lease
- New 10 Year Term
- 5.75 CAP
- 10% Bumps Every Five Years
- Adjacent to Publix and Winn Dixie
- 25+ Year Steady Operating History
Description
NNN single tenant investment property in Jacksonville's busy Mandarin retail corridor at I-295 and Old St. Augustine Road, This 25+ year establish Jiffy Lube provides a stable and steady income with few landlord responsibilities. New 10 year NNN lease. Ten percent bumps every five years.
The tenant, Team Car Care (TCC), is the largest franchisee in the US, with 550+ locations across the country. The location is operated by the TCC East group.
The store is adjacent to Publix and In front of Winn Dixie shopping centers. National retailers close by include CVS, Walgreens, Lowes, Wendy's, Burger King, McDonald, Subway and KFC.
Jacksonville is a vibrant and growing market located in NE Florida. As the local chamber writes, "You shouldn’t have to choose between living near a beach and landing your dream job; the great outdoors or an exciting nightlife; a fast-paced environment or laidback Southern hospitality. Jacksonville’s flourishing arts scene, entertaining events, diverse neighborhoods, energetic downtowns, award-winning schools and abundant water access make it the #2 most up-and-coming city in America, according to TIME."
