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| Price $3,200,000 $3,203,883 | Built/Renov 2022 | Tenant Jiffy Lube |
| Cap Rate 5.16% 5.15% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,300
| Lease Start
02-13-2023
| #Units
2,169
|
| Price/SF $744.19 $745.09 | Expiration
02-13-2043
| Tenant Type Automotive |
| NOI $165,000 | R. Term 17.9 | Ownership Fee Simple |
| Rent/SF
$38.37
| Increases 10.0%/5/yrs | Pop 5Mi 87,464 |
| Lot/AC 1.56 | Options 4/5yrs/10% | AHHI 5Mi $70,859 |
| | |
This newly constructed Jiffy Lube is located along North 9th Street which sees 15,100 vehicles per day and directly off of its signalized, hard corner intersection with West Main Street which sees 23,600 vehicles per day.The site is outparcel to a Meijer Super Store anchored center with other nearby major national tenants including AutoZone, Arby’s McDonald’s, Subway, T-Mobile, Walmart,...
...New construction
Near major nationals
Strategically located
Major MSA
Brand new lease
Long 15+ yr lease
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 2,509 | 35,023 | 86,732 |
| 2022 Total Population : | 2,423 | 34,757 | 86,237 |
| 2022 Employed Civilian Pop : | 1,326 | 17,836 | 43,514 |
| 2022 Total Businesses : | 137 | 1,185 | 2,745 |
| 2022 Average Household Income : | $ 139,301 | $ 73,257 | $ 80,719 |
| 2022 Total Consumer Spending : | $ 108 M | $ 1017 M | $ 2530 M |
| 2022 Median Age : | 37 | 30 | 29 |
| 2022 Total Households : | 918 | 15,962 | 36,101 |
| 2022 Pop Age 25+: Bachelor's Degree : | 410 | 5,773 | 13,465 |
| 2022 Average Home Value : | $ 355,335 | $ 259,775 | $ 258,859 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N 9th St | Seeco Dr | 2007 | 15,787 | 0.15 mi |
| North 8th Street | 2019 | 2,912 | 0.30 mi | |
| M-43 MAIN ST.W. | N 10th St | 2020 | 23,620 | 0.48 mi |
| N 7th St | W Main St | 2007 | 420 | 0.50 mi |
| N 7th St | W Main St | 2020 | 351 | 0.50 mi |
| North 7th Street | 2019 | 407 | 0.50 mi | |
| N 10th St | W Point Dr | 2004 | 7,341 | 0.76 mi |
| 10TH | W Point Dr | 2020 | 4,939 | 0.76 mi |
| North 10th Street | 2019 | 5,783 | 0.80 mi | |
| US-131 ON LOOP | W Main St | 2020 | 5,356 | 0.86 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
