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29561430

130 S Stephanie St, Henderson, NV 89012 For Sale

DA
NV NV BS.0143692, NJ 2294556
Marcus & Millichap - Las Vegas
Listed by Marcus & Millichap - Las Vegas
$2,610,000
165 days on market
Updated 53 days ago

Jiffy Lube | Henderson, NV - Abs NNN

Details
APN 178-22-112-007
Property Type Retail
Sub Type Auto Shop
Cap Rate 5.35%
NOI $139,700
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube
Lease Type Absolute NNN
Lease Term 32.6
Lease Expiration 08/31/2036
Remaining Term 10.1
Rent Bumps Yes
Acreage 0.650
Investment Type Net Lease
Lease Commencement 01/26/2004
Occupancy Date 01/01/2005
Ground Lease No
Sale Condition 1031 exchange

Jiffy Lube | Henderson, NV - Abs NNN

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant net-leased Jiffy Lube investment located at 130 S Stephanie Street in Henderson, Nevada. The Tenant extended the lease for 15 years in 2021, underscoring its long-term commitment to the site and serving as a clear testament to the strength of the location. The property is leased to Jiffy Lube, an established, nationally recognized quick-lube brand with long-term demand drivers supported by recurring vehicle maintenance needs.

Positioned along S Stephanie Street, the site benefits from strong visibility and convenient access within one of Henderson’s most active retail corridors, supported by dense residential rooftops and daily commuter traffic. The immediate trade area is surrounded by retail and rooftops providing a consistent draw to the trade area for services.

The building’s drive-in service bay configuration provides functional utility for the tenant and supports long-term real estate relevance, while the surrounding infill nature of the corridor contributes to high barriers to entry and sustained demand for service-oriented retail.

Listing Contacts

DA
NV NV BS.0143692, NJ 2294556
Marcus & Millichap - Las Vegas
Listed by Marcus & Millichap - Las Vegas

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$139,700.00
$11,641.67/mo

Valuation Metrics

0
DSCR
5.35%
Cap Rate
5.35%
ROI

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Additional Information

Name
Dustin Alvino
License
NV BS.0143692
Brokerage
Marcus & Millichap
Title
Senior Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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