Jiffy Lube

1355 South Semoran Boulevard, Orlando, FL 32807

$2,028,977

Cap Rate 6.45%

Views: 79 Updated: 05.06.24 Posted: 09.27.23 Status: Inactive 05.06.24

Summary

Price $2,028,977	Built/Renov 1982	Tenant Jiffy Lube
Cap Rate 6.45%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,780	Lease Start 06-29-2007	#Units 31
Price/SF $1,139.87	Expiration 06-29-2027	Tenant Type Automotive
NOI $130,869	R. Term 3.1	Ownership Fee Simple
Rent/SF $73.52	Increases 3.0%/1/yrs	Pop 5Mi 327,749
Lot/AC 0.62	Options 4/5yrs/3%	AHHI 5Mi $96,503

Lease Highlights

Jiffy Lube has been operating in this location for over 16 years
The tenant has 3+ years remaining on its current lease term with 4 (5-year) options to extend
The lease features 3% rental increases annually
Absolute NNN | Zero landlord responsibilities
Franchisee guaranteed by South Bay Lube, Inc.
Income tax free state

Location Description

Jiffy Lube is conveniently located on S. Semoran Blvd, benefiting from a high daily traffic count of 53,500 vehicles and excellent visibility. It is less than a 10-minute drive from downtown Orlando and situated in a densely populated residential submarket of Downtown Orlando. The lsubject property is also in close proximity to major retailers such as Publix, Walmart, Wawa, and Tire Kingdom,...

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Key Features

Build to suit
In location for years
High traffic 50M+ VPD
Near major nationals
Dense 200M+ pop 5 mi
Top 100 MSA
Income tax free state
Absolute NNN
Annual rent increases
25+ unit franchisee backed

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Links

Jiffy Lube Wikipedia Jiffy Lube Wikipedia Orlando, Florida Zip Code 32807 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Jiffy Lube
Guarantor:Franchisee
Company:South Bay Lube, Inc.
# Units:31
Tenant S&P: AA-
Moody’s: Aa2
Stock: NYSE: SHEL

About Tenant

Jiffy Lube International, Inc., dba Jiffy Lube, is an automotive service chain offering oil changes and various other services. Besides oil changes, Jiffy Lube facilities offer a wide range of...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	23,943	133,205	312,355
2023 Total Population :	24,295	133,897	309,402
2023 Employed Civilian Pop :	12,975	74,485	177,101
2023 Total Businesses :	453	4,863	17,879
2023 Average Household Income :	$ 61,891	$ 79,106	$ 95,566
2023 Total Consumer Spending :	$ 522 M	$ 3751 M	$ 10661 M
2023 Median Age :	37	37	37
2023 Total Households :	9,593	54,344	128,309
2023 Pop Age 25+: Bachelor's Degree :	2,673	20,304	55,071
2023 Average Home Value :	$ 283,674	$ 329,016	$ 384,250

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Semoran Blvd	la Costa Dr	2012	56,000	0.02 mi
Semoran Boulevard	la Costa Dr	2020	45,000	0.07 mi
la Costa Dr	S Semoran Blvd	2004	4,545	0.07 mi
S Semoran Blvd	la Costa Dr	2010	48,000	0.12 mi
la Costa Dr	Julio Ln	2003	1,594	0.18 mi
la Costa Dr	Heritage Ln	2001	4,472	0.19 mi
S Semoran Blvd	Curry Ford Rd	2009	56,500	0.20 mi
la Costa Dr	Heritage Ln	2002	4,699	0.23 mi
Bahia Ave	San Luis Dr	2004	2,015	0.25 mi
Lido St	S Semoran Blvd	2004	607	0.25 mi

Listing Broker

Richard Murphy

Avison Young: Capital Markets

Contact

14 Listings
1464 Views
1 Sold

Jonathan Hipp

Avison Young: Capital Markets

Contact

11 Listings
1258 Views
0 Sold

Richard Murphy

Rich Murphy is a Senior Vice President in the Capital Markets Group. He performs investment sales, with a focus on Single-Tenant NNN Properties. In this role he works with investors, developers, 1031 exchange buyers, and companies performing sale-leasebacks. Prior to Avison Young, Rich spent 10 years with Calkain Companies where he performed over $300 million in investment sales as well as led the asset management business. He also worked for Akridge and The Mills Corp, in addition to over seve

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Jonathan Hipp

With a career spanning over 25 years, Jonathan Hipp is recognized as one of the leading providers of net lease investment advisory services in the country. He joined Avison Young in 2020 as a Principal, member of the U.S. Capital Markets Executive Committee, and leader of the national Net Lease Group. Based in the firm’s Washington, DC office, Hipp has expanded and solidified Avison Young’s net lease market position, and today leads a team of senior advisors across the country who specialize

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