Jiffy Lube

Retail / Posted 5 months ago by Scott Sandelin, Marcus & Millichap / 139 views

  • Price : $2,132,564
  • Cap Rate : 5.50%
  • Net Operating Income : $117,291
  • Tenant : Jiffy Lube
  • Lease Type : Absolute Net
  • Lease Term Remaining (Years) : 10
  • Building Size (SF) : 2,200
  • Land Area (SF) : 22,651
  • Year Built : 1994

Marcus & Millichap is pleased to present an opportunity to purchase the fee simple interest in a Jiffy Lube located at 1551 Highway 17 North, North Myrtle Beach, SC. The property contains 2 ,200 SF of net leasable area and is situated on 0 .52 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.

Myrtle Beach is a coastal city on the East Coast of the United States in Horry County, South Carolina. It is in the center of a large and continuous 60 mile stretch of beach known as “The Grand Strand” in northeastern South Carolina.

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

1551 Highway 17 NSouth Carolina,29582

Scott Sandelin
Marcus & Millichap

786-522-7009

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