Jiffy Lube

Retail / Posted 5 months ago by Scott Sandelin, Marcus & Millichap / 155 views

  • Price : $1,240,709
  • Cap Rate : 5.50%
  • Net Operating Income : $68,239
  • Tenant : Jiffy Lube
  • Lease Type : Absolute Net
  • Lease Term Remaining (Years) : 10
  • Building Size (SF) : 2,240
  • Land Area (SF) : 23,087
  • Year Built : 1993

Marcus & Millichap is pleased to present an opportunity to purchase the fee simple interest in a Jiffy Lube located at 920 Highway 17 North, Surfside Beach, SC. The property contains 2 ,240 SF of net leasable area and is situated on 0 .53 acres. Jiffy Lube will sign a brand new triple net 10 year lease upon close of escrow. The lease term features 7.5 percent rental increases every five years, and eight five-year extension options.

Surfside Beach is a town in Horry County, South Carolina. Its nickname is “The Family Beach” as it is the first autism -friendly travel destination, thus further establishing their reputation as a beach for families.

Atlantic Coast Enterprises, LLC, doing business as Jiffy Lube, provides vehicle maintenance services. The Company offers oil change, air conditioning evacuation and recharge, engine air filtration, cooling, transmission, and electrical and fuel system cleaning services. Jiffy Lube is a subsidiary of Royal Dutch Shell and is headquartered in Houston, Texas.

Offering Memorandum

920 Highway 17 NorthSouth Carolina,29575

Scott Sandelin
Marcus & Millichap

786-522-7009

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