The Boulder Group has completed the sale of a single-tenant net-leased Jiffy Lube property at 11345 New Halls Ferry Road in Florissant, Missouri, for more than $1.405 million.
The 3,878-square-foot building is located along a primary north-south thoroughfare and is located immediately off of Interstate-270. Retailers in the trade corridor include Walmart Supercenter, Sam’s Club, Home Depot, Ross, ALDI, Schnucks, Shop ‘n Save, Bank of America, Applebee’s, QuikTrip and Starbucks.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction, a Midwest-based real estate investor. The purchaser was a West Coast-based investor.
The lease is guaranteed by Team Car Care East, LLC (formerly known as Heartland Automotive Services). Team Car Care has grown to be the largest operator and franchisee of the highly recognizable Jiffy Lube brand, currently operating 544 stores across 26 states.