Cap Rate
7%
Year Built
2009/2024
Leasable Area
5,270 SF
Term Remaining
±15 YRS
NOI
$180,000
Property Type
Retail
LEAD LISTING AGENT
Email
jack.kulick@matthews.com
License No.
02126798 (CA)
Direct
+1 (310) 919-5711
Mobile
+1 (760) 642-9942
INVESTMENT HIGHLIGHTS
- Long-Term Income Security – 15-year lease provides strong security of income.
- Prime Retail Location – Surrounded by national brands including Harbor Freight, Walgreens, Popeyes, McDonald’s, Publix, Save A Lot, and Citgo, driving consistent consumer traffic.
- Zero Landlord Responsibilities – Absolute NNN lease structure has zero landlord responsibilities.
- Income Tax-Free State of Florida.
- Rent Increase – 10% rent increases every five years help offset inflation.
- Expanding Market – Local population projected to grow at 4.1% annually within a 3-mile radius.
- Potential Tax Advantages – Auto service properties may qualify for accelerated depreciation (consult your tax professional for details).
- Resilient Business Model – Quick lube services remain steady despite economic fluctuations and e-commerce trends.
- Diversified Revenue Streams – The Quick Lube & Car Wash combination enhances performance and business profitability.
- Established National Brand – Grease Monkey operates nearly 500 locations and continues to expand.
- High Traffic Visibility – ±24,500 vehicles per day on Havendale Blvd ensures strong exposure.
Broker of Record
- Kyle Matthews
- License No. CQ1066435 (FL)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203