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Jiffy Lube 60 E Main St

1,800 SF Retail Building Milford, MA 01757 £1,606,743 (£893/SF) 7% Net Initial Yield

Investment Highlights

  • Listed for $2,036,430 yielding a cap rate of 7.00%.
  • Absolute NNN Lease with zero landlord responsibilities.
  • 10% Rent increases every 5 Years provide effective hedge against inflation.
  • Recent 10-year Extension from the tenant demonstrates commitment to the location.
  • Team Car Care has 500+ Locations nationally and they are a leader in the quick lube space.
  • High Traffic Volume with over ±23,157 vehicles per day on E Main St.

Executive Summary

Broker of Record
Kyle Matthews
License No. 1000083-RE-RB (MA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,800 SF
Building Class
B
Year Built
1990
Price
£1,606,743
Price Per SF
£893
Net Initial Yield
7%
NOI
£112,472
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
0.38 AC
Zoning
CB
Frontage
92 ft on E Main St.

Links

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Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Big Y World Class Market
Chase
El Rinconsito
IHOP
Five Guys
Rockland Trust Bank
Ruby Tuesday
ALDI
Bank of America
D'angelo Grilled Sandwiches

PROPERTY TAXES

Parcel Number MILF-000042-000000-000193 Improvements Assessment £224,786
Land Assessment £135,550 Total Assessment £360,336

PROPERTY TAXES

Parcel Number
MILF-000042-000000-000193
Land Assessment
£135,550
Improvements Assessment
£224,786
Total Assessment
£360,336
(760) 642-9942

  • Listing ID: 33370479

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 60 E Main St, Milford, MA 01757

The Retail Property at 60 E Main St, Milford, MA 01757 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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60 E Main St, Milford, MA for sale Building Photo- Image 1 of 4
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Jiffy Lube | 60 E Main St
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Jack Kulick

(760) 642-9942

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