Brauvin Net Capital, LLC has negotiated the early extension of three of its Jiffy Lube assets that are leased to Heartland Automotive. The three asset are located in the greater Chicago market in the suburbs of Park Forest, Bolling Brook and Romeoville. Each of the leases was extended five additional years for a new remaining lease term of seven and one half years.
The early lease extension was part of the acquisition strategy when Brauvin Net Capital acquired the assets in February, 2007.