Jiffy Lube - Zanesville, OH
400+ Unit Operator | Recent Extension | Abs. NNN
Marketing description
Matthews™ is pleased to announce our latest auto listing—Jiffy Lube in Zanesville, OH. The property is leased to Team Car Care, the largest Jiffy Lube franchisee in the United States with 400+ locations. The tenant has successfully operated at this location for over 20 years, demonstrating long-term commitment to the site and the surrounding trade area.
Strategically positioned along Maple Avenue with ±24,000 vehicles per day, the property benefits from strong visibility and accessibility. The site is surrounded by a diverse mix of national retailers including Walmart Supercenter, Staples, Bob Evans, Wendy’s, and 7 Brew. Additionally, the property is located near Genesis Hospital, one of the largest healthcare employers in the region with 300+ physicians, further supporting demand in the immediate trade area.
Jiffy Lube is the national leader in the quick lube industry, operating more than 2,100 locations across North America and serving as a subsidiary of Monomoy Capital Partners. The quick lube sector is widely considered resistant to e-commerce disruption and relatively recession resilient. Investors may also benefit from potential accelerated depreciation opportunities commonly associated with quick-lube properties (buyers should consult their tax professional for details).
Investment highlights
- Listed for $1,222,000 yielding a cap rate of 6.75%.
- Team Car Care is the #1 Jiffy Lube Operator in the country with 400+ locations -- provides security of income.
- Continued Operation of 20+ Years from the tenant demonstrates commitment to the location.
- Absolute NNN Lease with zero landlord responsibilities.
- Retail Synergy -- Walmart Supercenter, Staples, Bob Evans, Wendy's, 7 Brew, and more.
- Rent Increases – 10% increases every 5 years provide effective hedge against inflation.
- Bonus Depreciation – Quick lube properties may be eligible for an accelerated depreciation schedule **Consult your tax or accounting professional for more information.
- Ecommerce & Recession-Proof Investment - Quick lube industry is not heavily affected by changes in the economy.
- Proximate to Genesis Hospital – one of the largest hospitals in the region with 300+ physicians and a major employer in the community.
- Heavy Traffic Volume -- ±24,000 vehicles per day on Maple Ave.
- Jiffy Lube is the National Leader in Quick Lube: A leading provider of oil changes and a subsidiary of Monomoy Capital Partners, Jiffy Lube boasts more than 2,100 outlets led throughout North America that are all independently owned by operators.
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