5763 Central Ave
Saint Petersburg, FL 33710
Jiffy Lube · Retail Property For Sale
Investment Highlights
- Sale-Leaseback with 10-Year Triple-Net Lease Term Upon Closing
- Strong Guarantor: Atlantic Coast Enterprises Operates 64 Stores in 3 States, with 750 Employees
- Few Competitors- Nearest Competitor is Over Two Miles Away
- Jiffy Lube is a Strong and Well Recognized National Automotive Services Industry Brand
- Florida Has No State Income Tax
Property Facts
About 5763 CENTRAL AVE , SAINT PETERSBURG, FL 33710
Marcus & Millichap is pleased to offer for sale Jiffy Lube located at 5763 Central Ave in Saint Petersburg, Florida. Jiffy Lube is the leading provider of automotive maintenance services in the country with more than 2000 locations nationwide. The tenant, Atlantic Coast Enterprises (ACE), is one of the largest and most experienced Jiffy Lube franchisees in the US. ACE will execute lease amendments with ten year base term upon closing. The acquisition of this property offers the investor a secure stream of passive income which is guaranteed by one of the largest, most experienced and profitable Jiffy Lube franchisees in the country. The investor is further secured by the fee simple ownership of the real estate as well as the opportunity to enhance cash flow by depreciating the property improvements. It is possible that the subject property is eligible for accelerated 15-year depreciation vs. the typical 39-year depreciation schedule for commercial properties. [Please consult with a Certified Public Accountant with real estate expertise to determine the eligibility of the subject assets to be depreciated under an accelerated schedule.]
Property Taxes
| Parcel Number | 21-31-16-14454-010-0090 | Improvements Assessment | $206,115 |
| Land Assessment | $313,885 | Total Assessment | $520,000 |
Property Taxes
