Jiffy Lube NNN Property For Sale — Jacksonville, FL
11099 Old Saint Augustine Road, Jacksonville, FL 32257
This NNN single-tenant property features a Jiffy Lube with over 25 years of operating history. Located in Jacksonville's active Mandarin retail area near I-295 and Old St. Augustine Road, it offers a stable investment with minimal landlord responsibilities. The lease is a new 10-year absolute NNN term with 10% rent escalations every five years. The tenant, Team Car Care (TCC), is the largest Jiffy Lube franchisee in the U.S., operating over 550 locations. The site benefits from its proximity to Publix and Winn Dixie shopping centers, as well as several national retailers including CVS, Walgreens, Lowe's, Wendy's, Burger King, McDonald's, Subway, and KFC. Jacksonville is a growing market in Northeast Florida, known for its vibrant arts scene, diverse neighborhoods, and abundant recreationa…
- Address: 11099 Old Saint Augustine Road, Jacksonville, FL 32257
- Asking price $2.17M
- 5.75% cap rate
- NOI $125,000
- 10 years remaining
- NNN lease
- Year built: 1995
- Building size: 1,976 SF
- Lot size: 0.40 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Jiffy Lube property is at 11099 Old Saint Augustine Road in Jacksonville, Florida.
Asset type: Retail