Jiffy Lube - Aiken, SC
15-YEAR LEASE | 6.75% CAP | 70+ UNIT OPERATOR
Marketing description
Matthews™ is pleased to present our latest auto service listing located in Aiken, SC. Featuring a brand-new 15-year lease with Jiffy Lube, this property presents a stable income stream with built-in rental escalations, offering a 6.75% Cap Rate. The area is experiencing heavy growth with 1.4% annual population increase and national retailers like Kroger, The Home Depot, Big Lots, Petco, Academy Sports, TJ Maxx, Walmart, and more.
Allied Lube (70+ locations), a nationally recognized operator with a longstanding reputation, guarantees reliable tenant performance.
Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule **Consult your tax or accounting professional for more information.
Investment highlights
Listed for $2,922,000 yielding a cap rate of 6.75%.
New 15-year Lease Signed at Close of Escrow -- demonstrates tenant's commitment to the location.
Rent Increases – 10% every 5 help to hedge against inflation.
Healthy Growth -- 1.4% annual population increase in a 3-mi radius.
Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule **Consult your tax or accounting professional for more information.
Ecommerce & Recession-Proof Investment - Quick lube sector is not heavily affected by changes in the economy.
Retail Synergy -- located near Kroger, The Home Depot, Big Lots, Petco, Academy Sports, TJ Maxx, Walmart, and more.
Strong Operator -- Allied Lube has 70+ locations nationally and is a leading franchisee in the system, being in business for 30+ years.
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