2040 Short Ave
Odessa, FL 33556
Jiffy Lube: Odessa, FL · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 4,257-square-foot freestanding Jiffy Lube situated on ±0.44 acres in Odessa, Florida. Odessa is an upscale bedroom community to Tampa and has experienced rapid residential property development as Tampa' s population has increased. Jiffy Lube' s new 20-year corporately guaranteed absolute NNN lease includes 10% rent increases every 5 years throughout the initial term and in each of the four 5-year renewal options. Currently under construction, the building is expected to be delivered and rent is scheduled to commence in December 2017. The property is ideally located with ample visibility along S.R. 54 (Traffic Count: 53,000 VPD) with ingress/egress via from both Endeavor Lane and Short Avenue. Jiffy Lube is also directly across from a retail development anchored by Outback Steakhouse and Buffalo Wild Wings, is immediately adjacent to Advance Auto Parts and Trinity Spine Center, and is within a retail development that also includes CVS, Dunkin' Donuts, McDonald' s and Taco Bell. The site is also within walking distance to West Pasco Industrial Park, home to over 100 businesses, and is within the area' s primary retail and commercial corridor with approximately 1.3 MSF of retail, 2.0 MSF of industrial and 1,668 multifamily units within a 3-miles radius.