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- LoopNet Team
2985 E Bay Dr
Largo, FL 33771
Havoline Express Lube · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
ABOUT 2985 E BAY DR , LARGO, FL 33771
The subject property has operated as a lube facility for many years. Recently Driven Brands inc a large franchisee of Havoline purchased the operation. They have a 30 million net worth and operate many automotive franchise brands such as Maaco, Meineke, Econo Lube Tune etc. The site is a half acre commercial auto repair use property with a 1,824 sf lube facility. The lease is true NNN and expires Feb 2022. The current rent is $79,200 and escalates to $87,120 March 1, 2017 (rent credit to buyer). Two 5yr options with 10% rent increases. Sales are not reported. The subject property is highly visible, located on East Bay Dr.(SR 686) in Largo Fl with 53,000 cars per day. It is in the Tampa/St. Pete/Clearwater MSA. 120,000 people in 3mile radius. There are many national retail chains surrounding/nearby the site such as Publix East Bay center, Winn Dixie, CVS, Walgreens, Outback, Culvers, Starbucks, Dunkin Donuts, BK, banks and auto parts users.
PROPERTY TAXES
| Parcel Number | 36-29-15-48168-000-0080 | Improvements Assessment | $174,271 |
| Land Assessment | $425,729 | Total Assessment | $600,000 |
PROPERTY TAXES
