Tallahassee, FL - Jiffy Lube

Description:

Brand New 15-Year Lease | Corporate Signed | Options To Extend | Scheduled 10% Rental Increases
• Brand new 15-year lease with 5 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate signed by Jiffy Lube International, Inc. with 10% rental increases every 5 years and at the beginning of each option
• Founded more than 40 years ago, Jiffy Lube International, Inc, serves more than 20 million customers each year at more than 2,000 franchised service centers across North America

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor in a state with no state income tax

Brand New Construction | Excellent Visibility & Access
• Brand new construction which features high quality materials and distinct design elements
• The asset benefits from significant street sign frontage along Capital Circle NE promoting excellent visibility and ease of access for customers

Located Off Signalized, Hard Corner Intersection | Primary Thoroughfare | 5 Miles From Florida State University
• The asset is located off the signalized, hard corner intersection of Capital Circle NE and Miccosukee Road averaging 72,900 vehicles passing by daily
• Capital Circle is a primary North/South thoroughfare serving the East side of Tallahassee with several national/credit tenants such as Publix, McDonald’s, Walgreens, Walmart Supercenter, Costco, and more
• Jiffy Lube is less than 5 miles from Florida State University (33,486-students)

Strong Demographics In 5-Mile Trade Area
• More than 144,000 residents and 134,000 employees support the trade area
• $103,811 average household income within a 3-mile radius