Rt Yee & Associates, Inc
Listed by Rt Yee & Associates, Inc
$1,537,344
Corporate Jiffy Lube - Absolute NNN
Details
APN 208-0153-016
Property Type Retail
Sub Type Auto Shop
Square Footage 1,493
Net Rentable (SqFt) 1,493
Cap Rate 6.25%
NOI $96,084
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 07/31/2030
Remaining Term 4.2
Lease Options 2-5 year options
Price per SqFt $1,030
Broker Co-Op Yes
Year Built 1985
Buildings 1
Stories 1
Lot Size (SqFt) 22,216
Zoning SPA - Auto Repair
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership fee
Corporate Guaranteed lease.
Marketing description
Jiffy Lube International, Inc. Absolute NNN. Lease expires July 31, 2030. 2-5 year options remain with 2% annual increases during the Option Periods which started on August 1, 2025 with a new option rent of $96,084. There is also a percentage rent clause of 5% of sales verses the base rent, paid quarterly. Tenant has a 30 day first right of refusal.
Out parcel anchored by Ross, Napa Auto Parts. Pad tenant’s include McDonalds, Taco Bell, and Popeye’s Chicken. Located at Watt Avenue and Elkhorn Blvd., two major traffic corridors. Walgreens, Starbucks, Big Lots, Long John Silvers, 7-Eleven, dd’s Discounts, Big 5 Sporting Goods, Grocery Outlet, Dollar Tree, and Auto Zone across the street.
Listing Contacts
Rt Yee & Associates, Inc
Listed by Rt Yee & Associates, Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,084.00
$8,007.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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