Jiffy Lube - Bellefontaine, OH
KROGER-ADJACENT | 8% CAP | 400+ UNIT OPERATOR
Marketing description
Matthews™ is excited to announce our latest Jiffy Lube listing in Bellefontaine, OH. This is a bite-size opportunity at $799,000, a high cap rate of 8.00% and an absolute NNN lease, ensuring zero landlord responsibilities. Situated in a prime location surrounded by retail giants like Kroger and Lowe's, this Jiffy Lube location benefits from strong retail synergy, enhancing store profitability and renewal probability.
Operated by Team Car Care, the #1 Jiffy Lube operator in the U.S. with around 400 units, this property guarantees steady rental income with 10% increases every 5 years. The tenant's recent lease extension further solidifies their commitment to the location. Additionally, Jiffy Lube, a national leader in quick lube services, is recession-proof, making this investment an attractive opportunity for those seeking stable returns in a resilient sector.
Investment highlights
- Listed for $799,000 yielding a cap rate of 8.00%.
- Cheap Rent — Well below Jiffy Lube national average rent, increasing store profitability and renewal probability.
- Retail Synergy – Surrounded by Kroger, McDonald's, Bob Evans, Napa Auto Parts, Burger King, Lowe's, Arby's, and more.
- Recent Extension demonstrates tenant’s commitment to the location.
- Absolute NNN lease with zero landlord responsibilities.
- Team Car Care is the #1 Jiffy Lube operator in the U.S. with 400+ units.
- Rent Increases – 10% increases every 5 years provide an effective hedge against inflation.
- Jiffy Lube is the national leader in quick lube services and a subsidiary of Monomoy Capital Partners with over 2,100 locations across North America.
- Tax Benefits – Auto service properties may qualify for accelerated depreciation (consult your tax or accounting professional).
- Ecommerce & Recession-Proof Investment – Quick lube sector is not heavily affected by economic fluctuations.
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