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| Price $2,872,000 | Built/Renov 2020 | Tenant Jiffy Lube |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,805
| Lease Start
02-01-2020
| #Units
2,169
|
| Price/SF $1,023.89 | Expiration
02-28-2040
| Tenant Type Automotive |
| NOI $157,943 | R. Term 15.3 | Ownership Fee Simple |
| Rent/SF
$56.31
| Increases 10.0%/5/yrs | Pop 5Mi 220,036 |
| Lot/AC 0.63 | Options 4/5yrs/10% | AHHI 5Mi $148,131 |
| | |
Jiffy Lube is strategically located on Pine Avenue, a major east-west arterial with access to 13,200 vehicles passing by daily. The property is surrounded by well-known national tenants including Stater Bros Markets, 7-Eleven, Chipotle, Rivian, and more. Notable industrial tenants in the vicinity include Amazon, FedEx, DHL, Walmart, NFI, Yokohama Tire, among others. Additionally, the site is...
...New construction
Build to suit
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Absolute NNN
Accelerated depreciation
Traded and rated company
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 14,807 | 70,837 | 224,516 |
| 2024 Total Population : | 14,493 | 69,923 | 222,073 |
| 2024 Employed Civilian Pop : | 6,237 | 31,794 | 105,075 |
| 2024 Total Businesses : | 121 | 1,210 | 5,992 |
| 2024 Average Household Income : | $ 132,920 | $ 164,377 | $ 157,429 |
| 2024 Total Consumer Spending : | $ 448 M | $ 2655 M | $ 8219 M |
| 2024 Median Age : | 34 | 36 | 37 |
| 2024 Total Households : | 3,890 | 18,887 | 61,045 |
| 2024 Pop Age 25+: Bachelor's Degree : | 2,296 | 13,457 | 39,334 |
| 2024 Average Home Value : | $ 633,795 | $ 710,803 | $ 677,812 |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
