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.