Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

960 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

8787 Biscayne Blvd

1,999 SF Retail Building Miami Shores, FL 33138 £2,226,250 (£1,114/SF) 5% Net Initial Yield

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Corporate Guarantee from JLI – 2000+ Jiffy Lube Units Nationwide
NNN Lease – Zero Landlord Responsibilities | 12+ Years Remaining On Lease Term
Dense Infill Population – 20,000+ People in One-Mile Radius | Strong Visibility – Located on Biscayne Boulevard – 40,000+ Vehicles Per Day

3.5% Annual Rent Increases – Providing Hedge Against Inflation
Jiffy Lube has Been in Business Here for Over 36 Years & Recently Signed a 10-Year Extension
Two 10 Year Options Provide Landlord with Value Through the Term

Executive Summary

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a corporately guaranteed Jiffy Lube located at 8787 Biscayne Blvd, Miami Shores, FL. The property contains 1,999 square feet of net leasable area and is situated on 12,197 SF of land. The subject property faces Biscayne Boulevard, with a traffic count exceeding 40,000 vehicles passing daily. Jiffy Lube has over 12 years of guaranteed lease term remaining, and two 10-year options to extend.
Miami Shores Village is an upscale suburban village in Miami-Dade County, Florida with a population of approximately 11,000. There are 170,000+ people within a 3-mile radius of the property. The property is in the North-Central region of the county, in-between Downtown & North Miami, as well as midway between Hialeah and Miami Beach. It can be easily accessed by I-95, SR 924, and Biscayne Boulevard. Developed in the 1920s as one of Miami’s original neighborhoods, Miami Shores boasts vistas of Biscayne Bay, quaint churches, tranquil parks and wide, tree-lined streets.
Jiffy Lube International, Inc, doing business as Jiffy Lube, provides vehicle maintenance services. The company offers oil change, air conditioning evacuation and recharge, engine air filtration, cooling, transmission, and electrical and fuel system cleaning services. Jiffy Lube is a subsidiary of Royal Dutch Shell and is headquartered in Houston, TX.