2985 E Bay Dr
Largo, FL 33771
Havoline Xpress Lube · Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer for sale this former Havoline Xpress Lube in Largo, Florida. There are approximately three years remaining on the current lease term, which is guaranteed by Driven Florida Lubes, Inc., a subsidiary of Driven Brands Inc.. Driven Brands Inc. is the largest Havoline Xpress Lube operator in Florida. With approximately three years remaining on the base term, the total remaining income under the current lease totals almost $260,000. Property taxes, insurance, repairs and maintenance are the sole responsibility of the Driven Florida Lubes, Inc. for the remainder of the lease term. This is a fantastic opportunity to redevelop a Class A site in the heart of Pinellas County while receiving an attractive return from the in-place cash flow. This site 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, Walgreen's, 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.