475 N Main St East Longmeadow, MA 01028

Listing agency Marcus & Millichap - Miami s***@marcusmillichap.com Show Phone

Listed by Scott Sandelin · License #FL SL636794

Source Crexi

Added: Apr 12 Updated: Jul 21 at 8:25PM Checked: Jul 21 at 8:25PM

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Investment Insights

Based on property information with market context.

Marcus & Millichap presents the opportunity to acquire the fee simple interest in a portfolio of three net leased Jiffy Lube properties in Massachusetts. The portfolio totals 9,736 square feet of net leasable area across 1.41 acres. Upon close of escrow, ACE Jiffy Lube will sign a brand-new, absolute triple-net 10-year lease.

All leases include 7.5 percent rental increases every five years, along with eight five-year extension options. The properties are located in the greater Springfield, Massachusetts area.

Atlantic Coast Enterprises LLC, doing business as ACE Jiffy Lube, operates the locations providing vehicle maintenance services including oil changes, air conditioning evacuation and recharge, engine air filtration, cooling, transmission, and electrical and fuel system cleaning. Jiffy Lube is a subsidiary of Royal Dutch Shell and is headquartered in Houston, Texas.

Key Highlights

• Fee‑simple portfolio of three net‑leased Jiffy Lube properties with 9,736 SF total net leasable area
• 1.41 total acres across the three properties in the greater Springfield, MA area
• New absolute triple‑net 10‑year lease to be signed upon close of escrow by ACE Jiffy Lube

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FAQs

What type of property is this?

NNN property - Fee-simple portfolio of three net-leased Jiffy Lube properties with a new absolute triple-net 10-year lease at close.

Where is this nnn property located?

The property is located at 475 N Main St East Longmeadow, MA.

What are key features of this property?

This property features: Fee‑simple portfolio of three net‑leased Jiffy Lube properties with 9,736 SF total net leasable area; 1.41 total acres across the three properties in the greater Springfield, MA area; New absolute triple‑net 10‑year lease to be signed upon close of escrow by ACE Jiffy Lube