Many national retailers nearby 1190 N Laburnum Ave, Aerial ...
[Pages:10] Many national retailers nearby Aerial / Street Views
1190 N Laburnum Ave, Richmond, VA 23223
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
OLD MILL YACHT CLUB
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
INVESTMENT HIGHLIGHTS Attractive Rent increases 9 percent every 5
years and next one in 1.5 years Strong Guarantee | Lucor has 175 location
across multiple states Internet Resistant Tenant Excellent Location Great Traffic | 26,000 VPD
PROPERTY SUMMARY Triple Net investment Group is proud to present 1190 N Laburnum Avenue Richmond, Virginia Jiffy Lube. Property sits on just under an acre of land with a building size of 3,584 Square Feet. Property has a Net lease in place with attractive rental increases that kick in every 5 years. Next increase is set for end of next year increasing NOI to $66,000. Tenant Summary Lucor is one of the largest US franchisees of Jiffy Lube International, the company runs about 175 automotive service centers in Georgia, Kentucky, Michigan, North Carolina, Ohio, Pennsylvania, Tennessee, and Virginia.
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Address Tenant Trade Name Tenant Lease Guarantor
Lease Type Year Built Zoning Building Size
PROPERTY INFORMATION
1190 N Laburnum Ave, Richmond, VA 23223
Asking Price
Jiffy Lube International
Capitalization Rate
Lucor
Net Operating Income
Lucor
Base Lease Term
NNN Lease 2002 B2 3,584 Square Feet
Option 1 Option 2 Rental Increase Lot Size
$923,000
6.5%
$60,000
1/2018 -12/2022 - $60,000 1/2023 - 12/2027 - $66,000 1/1/2028 - 12/31/2032 |$72,600 NOI 1/1/2033 - 12/31/2037 |$79,860 NOI 9% every 5 years
0.96 acres
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
ABOUT THE AREA
Richmond is an essential chapter of America's history in the cobblestone streets, river walks and monuments. Originally a colonial settlement, Virginia's capital is now a thriving hub for culture, shopping and outdoor fun. Explore Civil War history at the American Civil War Museum, stroll along the canal downtown or test your nerve whitewater rafting on the James River. With lively neighborhoods and a vibrant restaurant scene, Richmond is perfect for a quick break or an extended getaway.
1140 N Laburnum Ave, Richmond
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
DEMOGRAPHIC & INCOME
MILES 2020
Population
1
10,960
3
102,183
5
229,304
2025
Projection 11,323
Avg HH Daytime Income Employment
$58,377 2,217
107,404 $58,847 75,872 240,032 $68,085 208,421
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Aerial / Street Views
Champs Autosports
Es
Henrico Recreation Center
Kings Point Apartments
Jackie's Restaurant
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Aerial / Street Views
Champs Autosports
Es
Henrico Recreation Center
Kings Point Apartments
Jackie's Restaurant
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
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