Goodyear & Jiffy Lube 

1583 & 1585 Island Lane | Fleming Island, FL 32003

Contact Brokers

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Reid Thedford
Senior Associate

Reid.Thedford@MarcusMillichap.com
(O) 813-387-4726
FL #SL3442474

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Jim Shiebler, CCIM, CEC

First Vice President Investments

Jim.Shiebler@MarcusMillichap.com

(O) 239.340.7811
FL #SL3347780

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James Garner, CCIM
First Vice President Investments
James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659

Highlights

  • 20+ Years Operating History

  • 6.0%+ CAP in Year 3 - Significant Rental Increases

  • Goodyear - Corporate Guaranteed NN Lease - Landlord Only Responsible for Roof, Structure, and Parking Lot

  • Jiffy Lube - NNN Lease - No Landlord Responsibilities

  • Ideally Located in Main Retail Corridor - Surrounded by National Tenants Including: Target, Walmart, The Home Depot, Publix, Winn Dixie, Walgreens, CVS, Bank of America, Chase Bank, PNC Bank, McDonalds, Wendy’s, Panera Bread, and more!

  • Affluent Area - Average Household Income: $127,669 (one-mile) | $123,334 (three-mile) | $108,621 (five-mile)

Description

Marcus & Millichap is pleased to offer for sale this Goodyear and Jiffy Lube located in Fleming Island, FL. Both have over 20 years operating history at these locations. Goodyear’s NN lease is corporate guaranteed by The Goodyear Tire & Rubber Company. Jiffy Lube has a NNN lease with no landlord responsibilities. The subject properties are ideally located on the main retail corridor Surrounded by national tenants including: Target, Walmart, The Home Depot, Publix, Winn Dixie, Walgreens, CVS, Bank of America, Chase Bank, PNC Bank, McDonalds, Wendy’s, Panera Bread, and more. Fleming Island is a highly affluent area with the average household income of $127,669 within one mile. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.