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| Price $3,450,000 | Built/Renov 2006 | Tenant Jiffy Lube |
| Cap Rate 5.22% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,079
| Lease Start
06-01-2022
| #Units
19
|
| Price/SF $1,659.45 | Expiration
06-30-2042
| Tenant Type Automotive |
| NOI $180,000 | R. Term 17.6 | Ownership Fee Simple |
| Rent/SF
$86.58
| Increases 5.0%/5/yrs | Pop 5Mi 101,710 |
| Lot/AC 0.63 | Options 2/5yrs/5% | AHHI 5Mi $163,716 |
| | |
Jiffy Lube, the subject property is well positioned in the main retail cohort of Gainesville, along Route 29 with clear visibility and access to more than 68,000 vehicles per day. It is located diagonally to Virginia Gateway Shopping Center (1.3M SF), which boasts a selection of over 120 retail shops, restaurants, and service-oriented businesses and sees more than 8.2M visitors annually. Other...
...Build to suit
In location for years
High traffic 50M+ VPD
Dense retail corridor
Highway location
Strong tenant synergy
Affluent AHHI $100K 5 Mi
Brand new lease
Long 20+ yr lease
Absolute NNN
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 9,388 | 56,433 | 108,426 |
| 2022 Total Population : | 9,005 | 54,432 | 105,439 |
| 2022 Employed Civilian Pop : | 4,831 | 26,635 | 51,857 |
| 2022 Total Businesses : | 656 | 1,552 | 2,619 |
| 2022 Average Household Income : | $ 161,324 | $ 183,041 | $ 181,796 |
| 2022 Total Consumer Spending : | $ 418 M | $ 2660 M | $ 5166 M |
| 2022 Median Age : | 38 | 37 | 36 |
| 2022 Total Households : | 3,060 | 17,351 | 33,921 |
| 2022 Pop Age 25+: Bachelor's Degree : | 2,172 | 12,736 | 22,989 |
| 2022 Average Home Value : | $ 489,535 | $ 555,310 | $ 552,117 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Gallerher Rd | Gainesville Village Sq | 2005 | 22,000 | 0.21 mi |
| Lee Hwy | Linton Hall Rd | 2016 | 47,000 | 0.22 mi |
| Virginia Oaks Dr | Vinewood Ct | 2009 | 2,300 | 0.23 mi |
| Old Linton Hall Rd | Huron Dr | 2013 | 1,700 | 0.23 mi |
| Whitney Rd | Linton Hall Rd | 2013 | 3,500 | 0.30 mi |
| Virginia Oaks Dr | Royal Sydney Dr | 2009 | 2,300 | 0.36 mi |
| John Marshall Hwy | Lee Hwy | 2016 | 11,000 | 0.38 mi |
| John Marshall Hwy | Lee Hwy | 2016 | 11,000 | 0.47 mi |
| Lee Hwy | 2018 | 11,000 | 0.47 mi | |
| Lee Hwy | John Marshall Hwy | 2016 | 11,000 | 0.48 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
