|Gross Leasable Area (GLA)||3,565 Square Feet|
|Price Per Square Foot (GLA)||$306|
|Lot Size||0.33 Acres|
Marcus & Millichap is pleased to exclusively present this net-leased Jiffy Lube located in Sarasota, Florida. The tenant recently opted to execute a new 10 year lease in lieu of an available 5 year option period – showing their commitment and success at this location.
The subject property is operated by South Bay Lube, Inc. a 20 unit Jiffy Lube operator with stores in west and central Florida. South Bay Lube, Inc has more than 15 years experience in the automotive industry.
The property is located on US 41 with an affluent average household income of over $86,000 per year within a 3 mile radius. US 41, also known as Tamiami Trail, is the main North-South highway along the west coast of Florida. As a result, a substantial traffic count of over 45,000 cars per day pass in front of the subject property.
Despite being located along the Florida’s west coast, this Jiffy Lube benefits from a population of over 77,000 people within a five mile radius.