2985 E Bay Dr
Largo, FL 33771
Havoline Express Oil Change · Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer for sale this Havoline Xpress Lube in Largo, Florida. This Havoline Xpress Lube is operated by Driven Florida Lubes, Inc., which operates quick-lube facilities in Florida and South Georgia, and is a subsidiary of the largest parent company of Driven Brands, Inc. Formerly known as Meineke Holding Company, Driven Brands, Inc. operates under several different automotive brands to provide a wide variety of auto related maintenance and aftermarket services. Driven Florida Lubes, Inc. has a over three and one half years remaining on the base term of their lease, with two, five-year options remaining. The triple-net lease has 10 percent rent increases at the start of each option, allowing an investor to benefit from stable cash flow with zero landlord responsibilities. This Havoline Xpress Lube is ideally located on East Bay Drive between U.S. Highway 19 and Alternate 19, the two major north-south highways in Pinellas county. The subject property benefits from the traffic on East Bay Drive, which is traveled by approximately 63,500 passing vehicles per day. There is a multitude of national retailers immediately surrounding the subject property such as McDonald's, Walgreens, Starbucks, KFC, Winn-Dixie, Panda Express, Bank of America, Bealls Outlet, Outback Steakhouse, Dunkin' Donuts, Harbor Freight Tools, Culver's, Chase Bank, SunTrust and Publix.