Jiffy Lube - Coachella Valley, CA
#1 Jiffy Lube Operator (400+) | Annual Increases | Recent Extension
Marketing description
Matthews™ is pleased to present its latest Jiffy Lube listing located at 36167 Date Palm Dr in Cathedral City, CA 92234. This property is listed at $1,534,000, offering a 6.00% cap rate. With a recent lease extension demonstrating commitment from the tenant, Team Car Care (400+), the largest Jiffy Lube operator in the country, this investment also has annual rent increases to hedge against inflation. The location benefits from a rapidly growing area, experiencing a 10.1% annual population increase within a 1-mile radius. The lease is absolute NNN with no landlord responsibilities. With heavy traffic volume of approximately 23,000 vehicles per day on Date Palm Dr, the property offers a larger 4-bay Multicare® Model, providing various auto services beyond oil changes to attract a wide customer base.
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 $1,534,000 yielding a cap rate of 6.00%.
Recent Extension -- demonstrates commitment to the location.
Team Car Care is the largest Jiffy Lube operator in the country with 400+ locations.
Annual Rent Increases help to hedge against inflation.
Rapidly Growing Area -- ±10.1% annual population increase in a 1-mi radius.
Abs. NNN Lease with no landlord responsibilities.
Jiffy Lube is the National Leader in Quick Lube - A leading provider of oil changes and a subsidiary of Shell Oil Company, Jiffy Lube boasts more than 2,100 outlets led throughout North America that are all independently owned by operators.
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.
Larger 4-bay Multicare® Model -- offers auto services beyond oil changes (brakes, transmissions, tires, battery, inspections, fluids, filters, glass, and more).
0.70 AC -- larger parcel.
Heavy Traffic Volume of ±23,000 vehicles per day on Date Palm Dr.
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